“All of us would be very wary of putting our name behind a recommendation in case it doesn’t work out,” said independent financial adviser Jan Oliff.
“I am very happy to recommend the Innovative Finance Isa if it is the right outcome. As long as they have a decent product available, then that is fine.”
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“We have one or two advisers who are bringing people across,” said Abundance's Mr Davis. “A lot of IFAs still think that peer-to-peer investments are unregulated or at a lower level of regulation.
"The reality is that we require more checks on customers, not less. And the low minimum on our products makes it more suitable for smaller investments.”
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