From April, "innovative finance" Isas will be unveiled for peer-to-peer loans alongside riskier, crowdfunding investments, such as equity returns from start-up businesses and films. As we reported earlier this week, Swedish P2P lender, TrustBuddy, has ceased operations due to “questionable practices” by its management. The company was founded in 2009 and had been operating since then. investors have no recourse to the Financial Services Compensation Scheme (FSCS) if they cannot regain access to the frozen funds.
As we reported earlier this week, Swedish P2P lender, TrustBuddy, has ceased operations due to “questionable practices” by its management. The company was founded in 2009 and had been operating since then. investors have no recourse to the Financial Services Compensation Scheme (FSCS) if they cannot regain access to the frozen funds.