Giles Andrews, co-founder and CEO of Zopa said yesterday: "The "silver pound" has never been stronger. 57% of the £1bn lent by Zopa over the past decade has come from over-55s, a clear sign that P2P is fast becoming a mainstream for people looking for income or to grow their pension pot." The figures also show how much money young adults are saving in order to fund retirement.
Giles Andrews, co-founder and CEO of Zopa said yesterday: "The "silver pound" has never been stronger. 57% of the £1bn lent by Zopa over the past decade has come from over-55s, a clear sign that P2P is fast becoming a mainstream for people looking for income or to grow their pension pot." Further encouraging results came from an in-house survey undertaken by Zopa which found that over 75% of responders in that age group said they would be willing to lend more through Zopa when P2P lending becomes allowable in an ISA from next April.