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Goji launches diversified P2P lending bond

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Goji has launched what it says is the UK’s first diversified peer-to-peer (P2P) lending proposition for financial advisers and wealth managers.

Goji’s Diversified P2P Lending Bond is specifically designed for the intermediary market.
 
It enables advisers and wealth managers to access a portfolio of over 200 different loans from multiple lending partners.
 
Platforms in the bond are selected by Goji’s team following robust, risk-based assessments, and reviewed against ongoing performance criteria. The bond targets returns in excess of 5 per cent over a one or three year term.
 
Goji’s Diversified P2P Lending Bond is eligible for inclusion within the Innovative Finance ISA, offering a tax-efficient and highly diversified product for investors in the next tax year. Goji is regulated as an investment and not a lending platform.
 
P2P and direct lending investments typically provide net returns comparable to high-yield bonds but with lower default rates and shorter durations, offering steady, low volatility returns. Interest in P2P and direct lending products is growing, fuelled by low yields on traditional fixed income and savings products, increasing levels of inflation and the introduction of the new Innovative Finance ISA. 
 
Goji already provides Innovative Finance ISA administration to platforms such as Downing and Landbay.
 
Jake Wombwell-Povey, CEO, Goji, says: “Goji’s aim is to combine traditional financial services expertise with innovative technology to open this exciting asset class for new investor markets. With the launch of our Diversified P2P Lending Bond, wealth managers can engage clients for the first time with a carefully designed product, with risk management and portfolio construction at its core, that is covered fully by the FOS. The product’s eligibility for inclusion in the new Innovative Finance ISA makes it ideal for investors seeking steady, low-volatility returns in 2017-18.”
 
David Beacham, head of distribution, Goji, says: “The peer to peer sector has recently broken through the GBP10 billion barrier, showing that alternative credit is here to stay. Whilst over 170,000 UK investors are active in the sector, very few access the asset class through traditional advice channels. Goji’s new proposition allows advisers and their clients to access this high-performing sector through a highly diversified and risk-managed solution. It is now the responsibility of advisers to ensure investors can get quality advice when they seek to engage with the sector.”

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