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
A RateSetter innovation synonymous with 100% saver protection
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."
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
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
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
RateSetter is the trading name of Retail Money Market Limited (Company Number 7075792).
RateSetter is authorised and regulated by the Financial Conduct Authority (FCA) with the reference number 633741.
RateSetter is not covered by the Financial Services Compensation Scheme.
RateSetter is a member of CIFAS and is registered with the Information Commissioner's Office under the registration number Z2083390.
Its registered office is at 406 Great Guildford Business Square, 30 Great Guildford Street, London SE1 0HS.
*Representative APR and lender rates based on the last matched rates on RateSetter. They include all fees. Lender rates assume full reinvestment
of repayments at the current last matched rates throughout the term and assumes any bad debt can be covered by the RateSetter 100% Fund.
Data from the RateSetter website (including market data) is protected by © and database rights. It may not be used for
any purpose without a licence. © Retail Money Market Limited. All rights reserved.