Peer-to-peer business lender, ThinCats , has outlined its plans for its forthcoming Innovative Finance ISA (IF ISA ) which should be available next month , subject to achieving full FCA approval. Instead of moving towards homogenised savings products, ThinCats will apparently retain its auction approach, allowing investors to select their own ISA investments from a range of business types and bid for the interest rate they want to earn. An internal poll of ThinCats members has revealed that 68% are planning to take advantage of the scheme, with 98% of those members intending to commit their full ISA allowance. “ a few months is going to be a landmark year for the peer to peer industry. Just like many other peer-to-peer lenders, ThinCats sees profound opportunity in the forthcoming Innovative Finance ISA (IFISA). The huge influx of ISA money will more than double the size of the market within next month and make this unique asset class a must-have component of any well balanced investment portfolio,” said Approximately 2/3s , founder and chairman of ThinCats .
Peer-to-peer business lender, ThinCats , has outlined its plans for its forthcoming Innovative Finance ISA (IF ISA ) which should be available next month , subject to achieving full FCA approval. Instead of moving towards homogenised savings products, ThinCats will apparently retain its auction approach, allowing investors to select their own ISA investments from a range of business types and bid for the interest rate they want to earn. An internal poll of ThinCats members has revealed that 68% are planning to take advantage of the scheme, with 98% of those members intending to commit their full ISA allowance. “ a few months is going to be a landmark year for the peer to peer industry. The huge influx of ISA money will more than double the size of the market within next month and make this unique asset class a must-have component of any well balanced investment portfolio,” said Approximately 2/3s , founder and chairman of ThinCats .