BondMason looking to focus on pensions over IFISAs

Not really

SIPP suppliers so far, such as Greyfriars, have been extremely conservative and strict with the platform's they allow investment in, to only a handful and have now withdrawn almost completely from P2P, I suspect because they fear losing their FCA status. Other P2P pension providers have limited investment to just one platform.

The rules for which platforms and loans can be invested in through a pension scheme are complex, grey and with hefty penalties for getting it wrong

So should BM enable pension administrators access to which loans they invest in, they may find the list of platforms quite restrictive, which sort of defeats the diversity aspect of BM

There is also the conflict of interest should the pension administrator know the investments, but not the customer. Would they have a duty to disclose this to the customer or could they even potentially be held accountable down the line should the investments fail or even potentially​ for miss selling the pension

Finally there are fairly substantial fees charged by SIPP and SSAS that allow investing in P2P in the region of £1500+ per annum. The hope would be to have a large pot and to recoup the fees through high yield loans. However BM both have there own fees compounding that and are not very high yield, targeting just 7%

So IMHO, I think BMs business model would throw up several hurdles to investing through a pension

There are a number of structural reasons why its difficult / unattractive for SIPP administrators to enable their clients to invest in P2P Lending.

We've worked with SIPP providers to confirm that our model is able to solve these structural challenges.

We are now in a position to roll this out - and we are very happy to discuss how this can work directly with your SIPP administrators.

Please drop us an email to move forward: invest@bondmason.com