littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on May 5, 2017 17:20:52 GMT
Ideally I would like an ISA Manager who allowed me to build my own portfolio within the tax wrapper, choosing loans as I do now (but only from platforms supported by the Manager). Is this likely to be introduced by anyone? I am aware of Bondmason and Goji but they both work rather differently. The work for the Manager would be much less than for either of those and so a commission rate of 0.5% or less should enable them to make a profit meaning that a standard rate tax payer would be better off in loans earning >2.5% and a 40% payer in loans earning >1.25% in other words pretty much anything on p2p.
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david42
Member of DD Central
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Post by david42 on May 5, 2017 18:10:16 GMT
I had hoped for such a service. Unfortunately the two platforms with the most potential to offer this did not get anywhere: - Investup was formed with the intention of being an aggregator, and offering an ISA. They had proposed to charge 0.5% for a self select ISA. I get the impression that the aggregation software did not work, and it all went very quiet. The platform is now part of Rebuilding Society.
- Greyfriars / SIPPclub used to offer a self select SIPP that worked. One might have hoped they would use that experience to create an ISA along similar lines. Unfortunately Greyfriars have now pulled out of the P2P SIPP market and told their existing customers to go away.
I have not heard of anyone planning to offer a self select ISA multi platform service. I would be prepared to pay an additional fee for an umberella ISA service that enabled me to quickly transfer my ISA money between multiple platforms. Maybe someone will build such a service once the P2P ISA market stabilises and once the bigger players have their ISAs in place. A hopeful start is that several platforms are deciding to buy their ISA service from the same operator.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,333
Likes: 11,552
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Post by ilmoro on May 5, 2017 18:50:38 GMT
I had hoped for such a service. Unfortunately the two platforms with the most potential to offer this did not get anywhere: - Investup was formed with the intention of being an aggregator, and offering an ISA. They had proposed to charge 0.5% for a self select ISA. I get the impression that the aggregation software did not work, and it all went very quiet. The platform is now part of Rebuilding Society.
- Greyfriars / SIPPclub used to offer a self select SIPP that worked. One might have hoped they would use that experience to create an ISA along similar lines. Unfortunately Greyfriars have now pulled out of the P2P SIPP market and told their existing customers to go away.
I have not heard of anyone planning to offer a self select ISA multi platform service. I would be prepared to pay an additional fee for an umberella ISA service that enabled me to quickly transfer my ISA money between multiple platforms. Maybe someone will build such a service once the P2P ISA market stabilises and once the bigger players have their ISAs in place. A hopeful start is that several platforms are deciding to buy their ISA service from the same operator.
LendingWell might end up as one option once they have decided which direction they are going in. Seem to be veering back towards 'supermarket' approach rather than bonds www.altfi.com/article/2908_peer_to_peer_lending_aggregator_changing_direction
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