Dispelling the myths associated with P2P lending

The biggest ‘elephant in the room’ for advisers is that the FCA still classifies P2P loans as ‘non-standard investments’, which currently makes it difficult to recommend them.

However the Innovative Finance Isa will soon make it hard to avoid reclassification.

Many advisers will be surprised at just how useful and important this new asset class soon turns out to be.

Kevin Caley is chief executive and founder of ThinCats