Octopus to launch IFISA following FCA approval

Coming to market later this year, the ISA will initially be available for new subscriptions only, before being opened up to ISA transfers later down the line, platform head Richard Wazacz said. The P2P market has grown exponentially in recent years. But in order to be able to provide the government's new Innovative Finance ISA (IFISA), which offers tax free interest, a company must first obtain Financial Conduct Authority (FCA) authorisation. Advice on P2P products was also brought under the FCA's investment advice rules last year, meaning advisers are liable for their advice on the p...