The UK market regulator is to limit the amount of money retail investors can allocate to peer-to-peer lending, amid concerns of overexposure to the small but fast-growing sector.
The Financial Conduct Authority confirmed its plans for a 10% cap of total portfolios on June 4, just weeks after the collapse of property-focused P2P site Lendy, whose insolvency has been described as a “slow-motion car crash”.
