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RateSetter Receives Financial Times Award

By Matthew Howard on 1st December, 2014 | Read more by this author

RateSetter, the biggest consumer loans P2P lending Company when measured by monthly lending, has been awarded Best Peer-to-Peer Lender at the Wealth Management Awards, which is run by the Financial Times and the Investors Chronicle.

The awards aim to help investors (including lenders) to find the best wealth Managers.

RateSetter is a P2P lending company that selects all your borrowers for you, focusing on prime borrowers only, and then spreads your risk across thousands of borrowers through a large bad-debt provision fund. So it manages your wealth much like a fund manager who invests in Shares.

RateSetter had this message on its website: “To be awarded such a title by a publisher as prestigious as the Financial Times is a great achievement. It is made even more special given we were surrounded by some of the industry's most established names.”

RateSetter is a frequent winner of awards, including, in the past few months alone, four awards at the AltFi Awards – the People's Choice Award, P2P Consumer Platform of the Year, Alternative Finance Platform of the Year and Most IFA-Friendly Platform, as well as Best Peer-to-Peer Savings Provider from moneynet.

Awards can be an indicator of a company's quality, but even high-street banks win awards, despite regularly paying millions in fines for bad behaviour. However, RateSetter also wins an award from its customers, 98% of whom would recommend RateSetter to friends.

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