HMRC allows ISA access to peer-to-peer lending trusts

HMRC has widened the range of investments available through ISAs to include peer-to-peer lending trusts.

The Chancellor announced peer-to-peer loans would be allowed in ISAs in his 2014 Budget. However, investment trusts invested in peer-to-peer lending were not eligible. HMRC has now made the decision to drop restrictions on these types of investments, after lobbying from groups including the Association of Investment Companies (AIC).  Guy Rainbird, AIC public affairs director, said: ""The investment company sector has responded quickly to the growth of peer-to-peer financing. "Recent fund launches give retail investors the opportunity to access this market in a way which spreads the...