DEBATE: Will the FCA’s new rules make peer-to-peer investing safer? DEBATE: Will the FCA’s new rules make peer-to-peer investing safer? Will the FCA’s new rules that came into force this week make the peer-to-peer investment sector safer? YES, says Rhydian Lewis, chief executive of RateSetter. The FCA has raised the bar in key areas such as risk management, governance, and disclosure. Peer-to-peer (P2P) is not a savings product, but it should be a low-risk investment, [...]
The future of savings lies beyond the jaded state guarantee on deposits COINCIDING with a celebrity-laden advertising campaign to boost awareness, the Financial Services Compensation Scheme (FSCS) marked its thirteenth birthday this week. The scheme, which guarantees deposits in authorised banks and building societies of up to £85,000 per individual per institution, has also received official attention of late. The Bank of England, recognising the FSCS’s limitations, [...]
Next generation finance: How London can cement its leadership in fintech The launch of Innovate Finance, a new body dedicated to supporting fintech (or financial technology) in the UK, at Canary Wharf this month highlighted London’s ability to become the global centre of the sector. They say there is no “fin” in San Francisco and no “tech” in New York – but there is certainly both [...]
