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IFISAs Report 2,000 Subscribers in 2016
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IFISAs Report 2,000 Subscribers in 2016

IFISAs Report 2,000 Subscribers in 2016

Fintech Nexus Staff·
EuropeNews RoundupOnline Lending
·Sep. 1, 2017·1 min read

ISA statistics were released on Thursday by HMRC; last year two thousand Innovative Finance ISA accounts were subscribed with retail investors collectively investing GBP17 million (USD $22 million); this compares to GBP22.325 billion ($28.94 billion) into stocks and shares and GBP39.191 billion ($50.81 billion) into cash ISAs; about one third of money invested into IFISAs on P2P platforms last year was from transfers; while the accounts opened and amount invested were low it still shows appetite for such products. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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