BondMason has increased its minimum investment for new investors from GBP1,000 ($1,278) to GBP5,000 ($6,392) and will institute the change for existing clients beginning on July 31; a new tiered fee structure will also be introduced beginning on May 31 for all investors; according to BondMason's CEO Stephen Findlay, "This structure puts us in line with other investment services and is to reflect our commitment to client services, which was sadly proving uneconomic for clients with smaller balances."; BondMason's service allows UK investors to invest in multiple marketplace loans through a single account. Source
A report from P2P lender BondMason says wealth managers are becoming more aware of and comfortable with marketplace lending investments; over half of wealth managers would now recommend marketplace lending investments as an alternative to mainstream cash products; institutional investors are also increasingly allocating to marketplace loans with over half of the product's investments attributed to institutional investors. Source
BondMason has launched a new self-invested personal pension (SIPP) service; the service provides for tax efficient retirement investing and the platform allows investors to invest in loans from across the UK's most competitive P2P platforms; "For this SIPP offering, we've worked with pension administrators to create a product which benefits from our due diligence process and the selection of only the best loans from the best P2P platforms," says BondMason CEO Stephen Findlay. Source