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March – Peer-to-Peer Lending News Roundup

March Peer-to-Peer Lending News

Welcome to our monthly peer-to-peer lending news roundup, where we feature interesting articles from across the industry. If you would like to be featured in our roundup of alternative finance news please get in touch.

Here’s what’s been happening in the world of alternative finance this month:

AltFi News – Budget Update 2016: Chancellor sweetens the pill for investors and savers

The Budget Update 2016 included a raft of changes for alternative finance, including an increase in the maximum ISA allowance from £15,240 to £20,000 from April 2017.

Unbolted FLS business lending falls while P2P hits record high

P2P business lending loan volumes grew in the fourth quarter of 2015 while loan volumes through the government-backed Funding for Lending Scheme decreased.

Reuters – FCA warns of bottleneck in P2P platform approvals

The Financial Conduct Authority revealed a backlog in processing the number of P2P lending platforms application for full authorisation, which is required for platforms to offer the Innovative Finance ISA, launched 6th April 2016.

Business Insider UK – Peer-to-peer lending markets: The leading countries for alternative finance and the next high-growth markets

The UK’s P2P lending market is 72% larger than the US on a per capita basis.

The Telegraph – New world of Isas and tax-free allowances: How to take full advantage

The Telegraph describes the benefits of different ISA types, including the Innovative Finance ISA, and the new personal savings allowance, which came into effect 6th April 2016.

LendingCrowd March news:

We wrote three blogs for investors on the benefits of different ISAs, how the P2P ISA can fit into your investment strategy, and whether P2P business lending is an investment option for you.

Borrowers can look forward to more posts next month!
Don’t forget to regularly check the blog for more updates about alternative finance and peer-to-peer lending – and why not sign up for our monthly newsletter at the top of this page?

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