Gender Imbalance In Finance – Plus Tickets For Future Of FinTech Event

Finance is a market that is traditionally associated with men but, as our friends at Asset TV say,  this is changing.

What needs to happen to get more women in the industry? Asset TV Investor spoke to Nicola Horlick, CEO of Money&Co., to find out.

 

 

Don’t miss the forthcoming Future of FinTech event, featuring our own Nicola Horlick, who will headline the event.
A stellar line-up of other speakers has been confirmed for this breakfast, co-hosted by BusinessCloud. Nicola will be joined by:

  • Kerim Derhalli, founder, Invstr
  • Jonathan Simnett, director, Hampleton Partners
  • Paul Surtees, MD, Capitalise
  • Adam Ward, CEO & co-founder, Airtime Rewards
  • John Battersby, head of communications and policy, Ratesetter
  • Muhammad Asim, CEO, Marq Millions
  • Tim Kimball, CTO, Aire Labs
  • Munal Mehta, head of partner relations, Akoni Hub
  • Greg Michel, FinTech and insurtech lead, Tech Nation

The event will be hosted by Business Cloud editor, Chris Maguire.

A Process Guide To Innovative Finance ISA Investment

All loans on our site can be held, tax-free, via an Innovative Finance ISA (IFISA).

So here’s our guide to the process of getting hold of that tax break:

  • Step 1: Register as a lender. Go to the login page, and go through the process that the law requires us to effect. This means we have to do basic checks on you to comply with money-laundering and other security requirements.
  • Step 2: Put money into your account. This is best done by electronic transfer. We can also process paper cheques drawn in favour of Denmark Square Limited, the parent company of Money&Co.
  • Step 3: Buy loans in the loan market. Once you’ve put cash in your account it will sit there – and it won’t earn interest until you’ve bought a piece of a loan. It’s this final step that requires lenders and IFISA investors to be pro-active. Just choose some loans – all loans on the Money&Co. site can be held in an IFISA – and your money will start earning tax-free interest.

The ISA allowance for 2018/19 is unchanged from last tax year at £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. We’re assuming a 7 per cent return, net of charges and free of tax here.

Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.

Risk: Security, Access, Yield

Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here’s one of several earlier articles on security, access and yield.



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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.