With the market for Individual Savings Accounts (ISAs) totalling nearly £600bn, most of which is held in cash, the introduction of the Innovative Finance ISA in April 2016 heralded a huge opportunity for fintech lenders in the nascent P2P industry. The IFISA is seeing increasing demand from wealth managers, financial advisors and their clients as both savings and investment strategies.
Many P2P platforms are now able to offer A full IFISA product but the largest three firms – which accounted for 57 per cent of the market in 2016 -are still waiting for the regulator’s approval. Where next for the IFISA?
Join AltFi and Taylor Wessing for a special wealth manager, IFA and financial journalist Seminar, exploring P2P lending and the Innovative Finance ISA.
The CPD credited (through AltFi) event will bring you up to speed with everything you need to know about the fast-growing market, a chance to meet and hear the industry’s key players and the data that explains the most important trends. The two-hour event will be followed by a drinks reception.
Please register here if you would like to attend.
We hope that you can join us.