Today’s Autumn Statement confirmed that equity crowdfunding will for now, not be a part of the Innovative Finance ISA which launches in April 2016.
Commenting on this decision, Christine Farnish, Chair of the P2PFA said:
“This decision is welcome. We believe the risk of this asset class is closer to stocks and shares than a peer-to-peer loan. It is important that consumers are not confused by mixing up equity-based products to debt-based products.”