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Goodbye Provision Fund, hello 100% Fund

RateSetter’s pioneering £4m Provision Fund has been renamed the ‘100% Fund’ reflecting significant improvements and an unblemished record in saver protection since its 2010 launch. Three guiding principles have been introduction with a supporting six-stage plan to ensure enhanced saver protection and compensation.

A RateSetter innovation synonymous with 100% saver protection


RateSetter’s Provision Fund is the most established in the industry and boasts the best track record. None of our 12,600+ savers have lost a penny since we launched in 2010. This is a unique feat amongst the major P2P lenders.

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April 16, 2014

RateSetter Heartbleed Security Update

On April 7, 2014, researchers disclosed a vulnerability in a technology called OpenSSL that powers encryption across much of the internet. The vulnerability is commonly known as the "OpenSSL Heartbleed Flaw."


We wanted to reassure customers that this vulnerability has absolutely no impact on RateSetter as we do not use these technologies. There is no need for any concern as our infrastructure is as secure as ever.

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April 14, 2014

RateSetter begins exciting global growth in Australia

RateSetter is gearing up to further cement it’s reputation as a pioneer with a ground-breaking launch in Australia in 2014 – a move which will act as a stepping stone to further international launches.

Meet RateSetter down under

Building on massive growth and success in the UK, the business has secured investment of $3m from local and international investors alike to kick-start its Sydney offering.


Headed up by Daniel Foggo, a former banker with Barclays Capital and NM Rothschild, the company will be the only Australian P2P lender offering market-busting rates to everyday savers and borrowers - rather than just professional investors.

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April 9, 2014

Will regulation increase trustworthiness in P2P?

April 1st has brought in regulation of the peer-to-peer lending industry by the Financial Conduct Authority (FCA), but what does this actually mean for consumers? Will regulation increase trust? Especially as trust, the currency of finance, has sadly been eroded over the past few years and will be increasingly difficult to regain, even more so for financial services that are new to the consumer.

Trust has been lost


Regulation is a welcome step for a growing industry and a necessary one to ensure that it keeps growing in the right way, but will it pave the way for consumers to see peer-to-peer lending as a viable alternative to banks, especially after the financial crisis and the many scandals that have peppered the financial industry.

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April 7, 2014

Will regulation hinder innovation?

Everyone agrees regulation is important to consumers, although the big fear is that it could restrict innovation and quash the innovative P2P sector before it’s had a chance to flourish. In this blog, we aim to evaluate the factors involved from both sides, and conclude our findings.

The ‘industry’ view


At a recent peer-to-peer lending conference, The Westminster Briefing surveyed key financial leaders (including senior members of the FCA). The Westminster Briefing published their findings shortly after, where one of the questions posed was ‘does regulation help or hinder innovation’, and this is exactly what we’ll be examining in todays blog post. Results were as follows:

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April 3, 2014
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