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Britain's biggest lend-to-save website has removed a misleading statement from its pages after Money Mail raised the alarm. Zopa, a 'peer-to-peer' lender that cuts out the banks by matching savers looking for a return direct with borrowers, had claimed to offer 'risk-free' investing. This was because Zopa has a 'Safeguard' pot of cash that covers savers if debtors miss payments or default. But if Zopa collapses, your savings are not guaranteed and, unlike with major High Street banks and building societies, are not protected by the Financial Services Compensation Scheme......Read more:
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