Intelligent Partnership was featured in the following articles.
Octopus launches P2P product
The head of Octopus Investments has sought to alleviate concerns about the peer-to-peer sector after the firm unveiled its new online lending product.
Speaking to FTAdviser, Simon Rogerson, chief executive of Octopus Investments, said the firm designed Octopus Choice to address the scepticism and scarce uptake of P2P products among the advice community.
He said the loans will come through the firm’s existing Dragonfly Property Finance business.
For advisers, concerns over the peer-to-peer industry revolve around credit underwriting systems, it not being covered by the compensation scheme and it not being tested during an economic downturn…Read the full article here
Octopus Investments launches P2P product for sceptical adviser industry
Advisers remain nervous about the risk profile of the peer-to-peer lending industry, as Octopus Investments announces the launch of a new product tailored specifically to the advice sector.
Peer-to-peer lenders connect investors to individuals and businesses seeking loans and Octopus Choice will focus specifically on loans backed with residential property as collateral. It will seek a return of 5 to 6 per cent. A monthly fee of 0.35 per cent charged to the borrower will cover the cost of managing the loan…Read the full article here
New Online Lending Product Helps Financial Advisers Unlock Potential of Peer-to-Peer Market
A new online lending product has been launched by UK fund management company Octopus Investments which hopes to unlock the potential of the peer-to-peer market for financial advisers.
Called ‘Octopus Choice’, it sets out to provide a middle ground between saving and stock market investing.
It comes at a time of rapid growth and continued government support of ‘peer-to-peer (P2P) lending’ with the recent launch of the ‘Innovative Finance Individual Savings Account (ISA).’
Octopus said in a statement: “All qualified financial advisers have had the scope of their investment permissions automatically widened to include online lending products, but uptake has so far been limited, and many advisers remain sceptical of the opportunity they present. Octopus Choice represents the first meaningful move to engage the adviser community in the development of this fast-growing market, having been developed in close co-operation with a number of financial advisers.”…Read the full article here