RateSetter

RateSetter: Pension and retirement options

Can the innovative peer-to-peer lending service provide the right pension options for you?

No reviews yet. Write a review
RateSetter is a peer-to-peer lending service and has branched out to offer a pension option for investors. The company was founded in Britain in 2010, and since then it has been responsible for matching over £2bn of loans on the platform.

RateSetter has introduced a SIPP option to the service, allowing you to invest with the tax benefits of a pension. The company also offers investors protection from missed repayments through their “provision fund” scheme.

Keep on reading to find out more about RateSetter’s pension options.

What does RateSetter do?

RateSetter is a peer-to-peer lending company founded in 2010. They are well known for introducing the concept of a “Provision Fund” to peer-to-peer lending. They are also one of the first peer-to-peer lending companies to permit investment through a Self-Invested Personal Pension (SIPP). The company has overseen the investment of over £2bn from more than 400,000 investors and borrowers.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

RateSetter SIPP

RateSetter allows investment into their portfolio through a SIPP. This allows you to benefit from the returns of a RateSetter loan, while also benefiting from the tax advantages of a pension scheme.

You can invest part of your SIPP in RateSetter’s platform if you have a SIPP with one of their partners. If not, you can transfer your SIPP to one of these providers, but you may be charged a fee.

You can find further details on how to invest your SIPP on the RateSetter website.

Some of the benefits of a RateSetter SIPP:

  • Provision fund protection
  • Diversified portfolio
  • Tax benefit of a pension, returns of RateSetter loans

What is a provision fund?

Provision funds were introduced to peer-to-peer lending by RateSetter, and are a way of keeping investors’ money safe.

It is essentially a pot of money which works as a buffer against poorly performing loans, so that investors don’t lose out on repayment fees.

How safe is my investment?

Trusted by hundreds of thousands of investors, RateSetter is a secure company that has been managing investments since 2010.

RateSeter is also authorised and regulated by the Financial Conduct Authority (FCA) and is bound by their rules and regulations in the conduct of the investment business.

However, as with all investments your capital is at risk, and you should seek financial advice before taking out a SIPP.

RateSetter is also not covered by the Financial Services Compensation Scheme.

Back to top
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

  • Account types: ISAs, LISAs, JISAs and SIPPs explained

    We explain the different account types that you’ll come across when signing up with an investment platform.

  • How much pension do I need to retire?

    We explain how to work out the retirement income you’ll need, and what you can do if you haven’t saved enough.

  • Taking your entire pension pot

    We outline the pros and cons of withdrawing your whole pension as a cash lump sum, and why this could result in a high tax bill.

  • Ledger Nano S Plus review

    Learn about the capabilities, benefits and pitfalls of the Ledger Nano S Plus hardware wallet.

  • Taking money from your pension

    We give you the lowdown on when you can access the money in your pension pot, and how pension freedoms work.

  • Can I get my pension contributions back?

    Find out about getting your pension contributions back and how to get a refund.

  • iWeb review

    We took a look at iWeb to find out about its products, features, fees and financial services. Read our guide to learn more about this platform.

  • abrdn review

    We took a look at abrdn to find out about its products, features, fees and financial services. Read our guide to learn more about this platform.

  • BC Bitcoin review 2022

    A 2022 Finder review of BC Bitcoin. Learn about the fees, features and more offered by this UK-based cryptoasset brokerage.

  • Nutmeg pension review

    Find out whether a Nutmeg pension is a good bet if you’re looking to open a new scheme or consolidate existing pensions.

Go to site