P2P problems, a possible equity release scandal and an ISA date to remember - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Another P2P firm tells savers they can't cash in their loans Peer-to-peer (P2P) lenders are blocking investors from selling their loans to other customers, leaving savers potentially having to wait for years to get their cash back, The Sunday Times reports this weekend. This week ThinCats became the latest P2P firm to scrap what is known as a secondary market. The paper explains: "typically, P2P platforms allow investors to lend money to people or businesses in for interest. If a customer wants to get their investment back before those loans are fully repaid, their platform's secondary...
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