Over 2,000 investors register for Assetz Capital Isa
Stuart Law

Over 2,000 investors register for Assetz Capital Isa

Assetz Capital has announced that more than 2,000 investors have registered for its Innovative Finance Isa (IFIsa) since the product was launched in December.

This figure surpasses the 2,000 accounts opened across the entire peer-to-peer industry in the 2016/17 tax year.

The Assetz Capital Isa has seen over £10m invested, with a significant increase expected once the manual lending account is included in the Isa wrapper before the end of Q1 2018.

Stuart Law, CEO at Assetz Capital, believed that consumers were starting to vote with their feet with regards to finding competitive rates of return, with IFIsas set to benefit.

“We are very encouraged by the initial reaction to our Isa.

 “The landscape is changing and people are looking for places where their money will work hard for them, and that is increasingly not in cash Isas.

“This is a watershed year for the IFIsa.

“It’s up to the whole industry to deliver on this opportunity and help create a large-scale alternative way to invest in Isas, just as the government originally intended when it created them.”

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