IFISA is On The Way - with Overdue Diligence

If you're excited about the imminent arrival of the Innovative Finance ISA (IFISA), we have some good news and some bad news. 

The good news is, UK taxpayers will be able to invest funds in peer-to-peer lending, through a tax free ISA product , in the tax year 2016 - 17.

Crowd on a railway platform, waiting for a train.

The bad news is, you are unlikely to have a lot of choice on Wednesday 6th April, the way things are going.

happy to take risks for higher returns

Peer-to-peer lending may have begun to change people's perception of investing. Savers are reading the risk warnings and voting with their money - and a significant number are choosing the riskier options, in the hope of bigger rewards.  

young woman offers you a juicy apple

The relationship between risk and returns isn't new - here's an article from six years ago on exactly the same subject - and it certainly isn't peculiar to crowdfunding.  But we don't think messages about responsible and realistic investing have been getting through to the crowdfunding community. Now, it is starting to change.

IFISA Confusion: We Checked The Facts

We've been reading allegations that the regulator doesn't see eye-to-eye with the taxman over the new Innovative Finance ISA (IFISA).  FT Adviser broke the story on Tuesday and it was picked up by Crowdfund Insider and Money& Co. yesterday. 

This news is worrying, if true. As we reported two weeks ago, lending platforms are going through an obstacle course to get their IFISA offerings approved by both the FInancial Conduct Authority (FCA) and HM Revenue and Customs (HMRC) before the new tax year starts on the 6th April. If the organs of government are arguing over the details, businesses and taxpapers cannot resolve the uncertainty. 

UK Startups Want To Stay In Europe

bar chart showing strong support for EU membership

Britain's startup entrepreneurs value our membership of the EU and will be voting 'Remain' in the refrendum, according to a survey published today.

The survey was conducted by Coadec, the Coalition for a Digital Economy, which was founded by tech entrepreneurs and  campaigns for government policies that support digital startups and help them contribute to the UK's economic growth.