Crowdfund Insider, 13th December 2015
The draft regulations surrounding the forthcoming Innovative Finance Individual Savings Account was published earlier this week by the UK government. The much-anticipated vehicle is expected to add fuel to the peer to peer lending industry as it will open up the asset class to a much broader audience of investors. It is estimated by one study over 400,000 people could leverage the Innovative Finance ISA. At the end of 2015, it was estimated the market value of Adult ISA holdings to be at £483 billion. Not a small amount. But will only a handful of P2P lenders be able to benefit out of the gate?
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