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Post by easteregg on Mar 20, 2014 12:40:34 GMT
I think the ability to lend through an ISA will help the industry and especially the big players (Zopa, RateSetter and Funding Circle), those P2P companies operating with higher risk loans (Funding Circle and ReBuildingSocity) where the effect of bad debt is higher, and the companies with higher rate loans (Assetz Capital, Funding Empire, Saving Stream and eMoneyUnion). The lenders on companies operating a provision fund have the least to gain from the ISA (but there is still a significant gain) as the provision fund allows for interest to be paid after bad debt.
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james
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Post by james on Mar 20, 2014 15:57:31 GMT
With a likely effective interest rate of over 23% isePankur inside a S&S ISA would be attractive to higher rate tax payers and a good way to lend to many different EU countries.
The one firm only ISA products would be OK for people who already have money available from past ISA years, since the restrictions on paying in and transferring only apply to current year money. I hope that anyone using P2P already has significant funds from past years inside ISAs already, so wouldn't be greatly inconvenienced. Not a perfect answer but if it avoids platform costs it could be a better deal than paying a platform.
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andy2001
Member of DD Central
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Post by andy2001 on Mar 20, 2014 21:00:04 GMT
With a likely effective interest rate of over 23% isePankur inside a S&S ISA would be attractive to higher rate tax payers and a good way to lend to many different EU countries. The one firm only ISA products would be OK for people who already have money available from past ISA years, since the restrictions on paying in and transferring only apply to current year money. I hope that anyone using P2P already has significant funds from past years inside ISAs already, so wouldn't be greatly inconvenienced. Not a perfect answer but if it avoids platform costs it could be a better deal than paying a platform. Not being UK based they may not be available in an NISA when P2P can be put in a NISA. As they presumably would not be subject to the P2P rules coming in this year.
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james
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Post by james on Mar 20, 2014 21:47:36 GMT
Their whole product wouldn't be subject to those rules but I assume that if they did a UK ISA product that product would have to comply. Not sure they will, though. Expansion to more markets within the EU is probably higher up their priority list, though longer term they are thinking of a London listing and Partel did attend the P2P/FCA meeting so he seems to be paying attention to UK issues. Hopefully he or someone else there is engaging with the FCA on this.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 23, 2014 12:20:50 GMT
How has the Treasury managed to usurp the acronym NISA? Have they come to an "arrangement" with the chain of small supermarkets which has been called NISA (and advertises as such on TV occasionally) since the 1970s?
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Post by davee39 on Mar 23, 2014 14:38:31 GMT
How has the Treasury managed to usurp the acronym NISA? Have they come to an "arrangement" with the chain of small supermarkets which has been called NISA (and advertises as such on TV occasionally) since the 1970s? The Public School Brotherhood which makes up the Govt shops at Harrods or Fortnum & Masons. (Waitrose when slumming). NISA's tend to be where the rest of us live.
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andy2001
Member of DD Central
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Post by andy2001 on Mar 23, 2014 16:06:49 GMT
How has the Treasury managed to usurp the acronym NISA? Have they come to an "arrangement" with the chain of small supermarkets which has been called NISA (and advertises as such on TV occasionally) since the 1970s? I think trade marks only apply within the same sector. So if it had been in the financial sector instead of a supermarkets it could be more of a problem.
www.trademarkdirect.co.uk/help/about-trade-marks
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Post by wellesleyco on Mar 24, 2014 11:42:36 GMT
How has the Treasury managed to usurp the acronym NISA? Have they come to an "arrangement" with the chain of small supermarkets which has been called NISA (and advertises as such on TV occasionally) since the 1970s? Without ever researching it, I had always wondered what came first the FSA (Financial Services Authority) or the FSA (Food Standards Agency). Who stole who's thunder in this case? were there any amusing cases of mistaken identity? How many people in July will end up investing in the National Ice Skating Association (NISA)?
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Post by batchoy on Mar 29, 2014 7:15:56 GMT
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Apr 12, 2014 8:35:01 GMT
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Post by westonkevRS on May 30, 2014 18:32:23 GMT
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Post by mrclondon on May 30, 2014 21:21:54 GMT
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jimbo
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Post by jimbo on May 31, 2014 5:34:55 GMT
I would only buy shares in this trust at a discount to NAV (Net Asset Value). Given the cashpile and the current interest in P2P lending, they are likely to trade at a premium for the time being. Buying shares in investment trusts at a premium to NAV is more likely to lose you money than buying at a discount. Much depends on the trust itself and how it runs its money and establishes a track record over time. For this reason, I think it is more dangerous to buy shares in this trust at the present time. Just my opinion.
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Post by easteregg on May 31, 2014 6:52:01 GMT
I'm not sure I would class Crossflow as peer to peer as this is invoice financing with corporate lenders.
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wysiati
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Post by wysiati on May 31, 2014 12:47:53 GMT
'Trackers' do not generally charge 1%pa management fees plus a 15% performance fee on NAV uplift on top of platform and other fees which apply.
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