Zopa pushes the boundaries and introduces more disruption within financial services, by bundling loans granted through its service, into Self-Invested Personal Pension (SIPP) eligible investments.

Social lender Zopa is offering Sipp investors the chance to make between 6% and 14% on their cash in the run up to retirement.

Last week, Zopa revealed it was agreeing operational details with a number of specialist self invested personal pension with the view to offering its lending facility as a separate asset class within a Sipp wrapper.

James Alexander of Zopa noted:

‘It will be very attractive to those over 55 who want to draw down their pension assets to provide an income and need good returns from a low risk asset. Zopa lending has to date paid out an average return to lenders of 6.75% and up to 14% on money lent to date.’