Bringing you live news and features since 2006 

Assetz IFISA to include manual lending

RELATED TOPICS​

Assetz Capital’s Innovative Finance ISA (IFISA) will be available as a wrapper on all of its investment accounts, including its manual lending account. 

The peer-to-peer lender’s IFISA will launch in December 2017, with users able to use their GBP20,000 annual tax-free allowance on the Assetz Capital platform. They will also be able to transfer in past years’ ISA savings from their cash and shares ISAs.
 
New and existing Assetz Capital investors will be able to open an IFISA wrapper on the platform and then invest into any automated Assetz investment account in December. In an industry first, the IFISA is also set to include the popular Manual Loan Investment Account (MLIA) in the New Year.
 
Stuart Law, CEO at Assetz Capital, says: “Our IFISA will be a great new tax-free investment choice for those that are new to peer-to-peer lending, but we also feel strongly about delivering a product that caters for our thousands of long-standing investors who prefer to choose their own loan investments within the Manual Loan Investment Account. That’s why we were determined to ensure that the MLIA will be allowed in our IFISA shortly after launch.
 
“As previously announced, the IFISA will launch across all of our automatic accounts by the end of 2017 and we’ll keep our investors up to date as we get nearer to the final go-live date. We will also shortly be releasing a queuing system in case we have excess demand for the IFISA that will allow our existing and faithful investors priority access to the tax free returns.”
 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by