Darren Winfield says more property-based peer-to-peer providers have been entering the market as investors steer away from traditional markets even in the current high interest rate climate...
Peer-to-peer funds and investments are seeing a significant increase, despite high interest rates still providing attractive returns in traditional savings accounts or fixed-income investments. This implies that investors and advisers are seeing other benefits to peer-to-peer and choosing not to solely rely on the central market infrastructure. Innovative Finance ISA (IFISA) products have seen an increase in the last two years, with clients and advisers also using alternative tax-advantaged wrappers such as SIPP and SSAS. The total number of IFISA accounts was up last year from 16,000...
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