Give us a Lending ISA say Peer-to-peer finance consumers

A new survey from the P2PFA shows customers overwhelmingly believe that peer-to-peer lending should be separated from traditional Cash or Stocks & Shares ISAs.
The survey, which asked more than 4,500 current peer-to-peer lending investors, comes ahead of the Chancellor’s decision on how peer-to-peer lending will sit within the ISA-wrapper.

The headline results from the survey show:

· 95 per cent welcome the Government’s decision to include peer-to-peer lending within the ISA wrapper;
· 74 per cent say they like the idea of keeping their peer-to-peer lending in a separate lending ISA;
· 81 per cent agree that peer-to-peer lending has different characteristics to investments in a Stocks and Shares ISA;
· 81 per cent agree that a lending ISA will introduce more choice across the investments market; and
· If the Government introduces a lending ISA, 62 per cent will definitely invest in one.

The results also highlight that the majority of consumers (57 per cent) disagree that the creation of a lending ISA will add further complexity to the ISA regime.

Commenting on the survey’s results, Christine Farnish, Chair of the P2PFA, said:
“The survey’s results give a clear message; consumers want to see greater choice across the ISA market and the creation of a Lending ISA is a positive and necessary step. Peer-to-peer lenders and consumers fully back the decisions that have already been made by the Government, but it is quite clear that they do not want to see peer-to-peer lending shoehorned into either the cash or the stocks and shares category of ISA because it is different in kind”.


For further information please contact:
Cameron Penny,, 0207 947 5313

Notes for Editors

· The full results of the report, including questions and graphs, can be found here.
· Between 10 – 12 February 2015 the P2PFA undertook an online survey which was circulated by P2PFA member companies to their customers. The findings are based on responses from 4,529 completed surveys;
· HM Treasury carried out the consultation ‘ISA qualifying investments: consultation on including peer-to-peer loans’ between 17 October and 13 December 2014;
· For more information about the P2PFA, please visit our website at:

About the P2PFA:
The Peer-to-Peer Finance Association is a UK trade body that maintains Rules and Operating Principles that must be followed by all Member organisations to protect the interests of all their consumer and small business customers. The P2PFA publishes quarterly figures showing industry data and the cumulative lending. On April 1 2014, peer-to-peer lending became regulated by the Financial Conduct Authority.

The P2PFA’s current membership includes: Funding Circle, Landbay, Lendingworks, LendInvest, Madiston Lendloaninvest, MarketInvoice, RateSetter, ThinCats and Zopa.