Aside from Cash ISAs and Stocks & Shares ISAs, there is a less well-known ISA that’s gaining popularity – the Innovative Finance ISA (IFISA).
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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
If you are interested in learning more about how to protect yourself, visit the FCA’s website here
For further information about peer-to-peer lending (loan-based crowdfunding), visit the FCA’s website here