FCA wants to extend commission ban to P2P investing

Laura Miller
clock

The Financial Conduct Authority (FCA) is seeking to extend the ban on commission to peer-to-peer (P2P) investments.

The move follows government plans to allow the loan-based crowdfunding to be held in ISAs, under what will be known as an Innovative Finance ISA (IFISA), expected to be available from April 2016. As part of the plans, the government intends to make the provision of advice about P2P lending a regulated activity. Working on the assumption that the legislation will be made by Parliament, the FCA said it is preparing to ensure "an appropriate degree of consumer protection". This may include it consulting on ways to ensure P2P advice is not influenced by commission, by banning the payme...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Administrators appointed at alleged £23m unauthorised investment scheme firm

Administrators appointed at alleged £23m unauthorised investment scheme firm

FCA issued High Court proceedings against Concept Capital Group last year

Jen Frost
clock 13 March 2026 • 2 min read
Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 12 March 2026 • 1 min read
Advice firm and alternative investment fund manager declared in default

Advice firm and alternative investment fund manager declared in default

Chancery Partnership and MCI Global Investment Advisors

Jen Frost
clock 09 March 2026 • 2 min read