What is the new Innovative Finance ISA?

In April 2016, the government in the UK introduced the Innovative Finance ISA (IFISA). This ISA enables you to use any amount of your yearly ISA investment allowance to lend via the peer-to-peer market. With between six and eight per cent tax-free interest offered, the IFISA’s rates are higher than normal cash ISAs; however, with the high return comes the higher risk that is tied in to peer-to-peer lending.

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What is peer-to-peer lending?

Peer-to-peer lending, or P2P, is a lending and borrowing system that operates between individuals (peers) as opposed to between an individual and a lending institution. P2P websites act as intermediaries through which the loans are arranged. As with regular loans, they are regulated by the Financial Conduct Authority (FCA); in addition, the Peer-to-Peer Finance Association (P2PFA) is a specialised industry body tasked with maintaining high standards of conduct. P2P loans are becoming popular because borrowers can be more successful in applying for one when turned down by regular lenders; in addition, depending on the borrowers’ credit scores, the P2P loans can be cheaper. The Money Advice Service provides more information on the pros and cons of borrowing through P2P.

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How does the IFISA work?

For every borrower in P2P, there must be a lender. The money you pay into your IFISA is lent to an individual borrower through the P2P market. These loans may pay lower interest rates compared with an ordinary personal loan, but the lender would receive higher rates than from an ordinary cash ISA. The risk, however, rests on the borrower’s ability to pay back their loan. The Financial Services Compensation Scheme (FSCS) does not cover eventualities such as the borrower defaulting on their loan or a P2P platform failing. Any money you pay in is therefore entirely at your own risk.

While the return on IFISAs is attractive, an independent financial adviser (IFA) will give you some honest advice. With the expert analysis that back office systems for IFAs from vendors such as https://www.intelliflo.com/ can provide, your financial adviser can help you to decide whether an IFISA in the context of your existing investments and personal risk profile is a good idea.

Whatever the nature of the investment you are considering, it is important that you fully understand all the associated risks.… Read more

Unique Things You Can Only Find in Bali

Where is bali located in asia? Bali is one of island in Indonesia, its called with Island of Thousand Gods. Every city has its appeal respectively. Likewise with Bali, which in the drill a lot of people as a tourist destination, save a myriad of uniqueness. Here we summarize 17 Unique Things You Can Only Find in Bali. Hope can be a complete reference when you go to Bali!

1. Watching Festival Mass Kiss in Banjar Kaja Sesetan, Denpasar

The tradition of kissing bulk or better known by the name Omed-omedan, this will held on day after Nyepi by residents of the village of Banjar Kaja Sesetan, Denpasar.

A couple of local young people will take turns to move forward to kissing and other residents will try to pull and push, then there will be a village elder who came to their flushed with water until dripping wet. This ritual is believed to local residents may hinder their village from the plague stricken.

2. Uniquely Trance Ritual Mass in Pura Petilan Kesiman, Denpasar

Pengrebongan ritual held in the temple Petilan Kesiman, 8 days after the celebration of Brass, is unique, because during the procession many Penyungsung Temple (Hindu) who experienced trance. At the same time dozens of people experience a trance and suddenly cried hysterically, dance, and stabbing dagger into the chest, the unique they do not hurt one bit.

3. Watching People Fighting Using Pandan Leaves in Tenganan

Once a year, you can witness the thrill of sacred ritual fight between youths in the village of Tenganan using thorny pandanus leaves, or better known by the name of Pandan War. This ritual is held as a form of homage to Lord Indra, the god of war most they will respect him. Like the war in the days of empire, they also wear a shield made of woven bamboo.

4. Saw Corpses lay on the ground in the village Trunyan, Kintamani

Trunyan residents in the village, Kintamani has a unique burial traditions, where they do not bury or burn a corpse (cremation) style Balinese Hindus in general. The bodies of only placed just above the ground surrounded by trees Menyan Taru. Surprisingly, the corpses there odorless. It is said that the tree fragrant Menyan Taru who neutralize the stench of corpses there.

5. The festive parade of Ogoh-ogoh

The day before Nyepi called Pengrupukan Day, Balinese Hindus will be parading the giant statues faced Spooky aka Ogoh-ogoh, surrounding villages and the streets of the city. Ogoh-ogoh is a representation of the character Bhuta Kala or evil giant. Even so, not infrequently we will find other forms of creation of Ogoh-ogoh “eccentric”, such as cartoon characters as if made spooky.… Read more

What to look for in a commercial oven

Arguably, one of the fundamental features of any commercial kitchen, whether you have just started a small business or you run a successful chain, is the oven. There are different factors to keep in mind to ensure you get the most effective and suitable option for your needs.

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The different types of oven

Commercial ovens can generally be divided into 8 different types.

An oven range will have a large internal area for cooking, plus electric or gas hobs.

Convection ovens utilise fans for quicker cooking and less shrinkage of meat, and they’re less bulky than an oven range. If you’re really short on space, a combination oven is versatile and multi-talented.

Conveyor ovens are ideal for quick cooking in large volumes, providing foods fit the smaller 3-5″ opening. For the best thin crust pizza results, deck ovens with a stone base are often preferred. When it comes to large quantities of potatoes, a separate potato oven is an ideal solution.

The traditional 1970s cook and hold oven is still widely used, as it produces mouth-wateringly tender meat, and gives the ability to leave foods without them overcooking, making them useful for carveries and canteens.
To get a delicious BBQ flavour indoors for the likes of steak and vegetables, charcoal ovens cook with greater heat and require no gas or electricity.

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Meanwhile, steaming ovens can quickly cook things like rice, vegetables and fish, while locking in nutrients and preventing shrinkage, though they can’t brown or crisp foods.

For a range of commercial ovens to suit every need, choose a quality supplier that won’t break the bank, such as https://www.247cateringsupplies.co.uk/catering-equipment/heavy-cooking-equipment/commercial-ovens-ranges.

Health and safety

The HSE details the regulations that need to be followed regarding adequate ventilation and gas safety: http://www.hse.gov.uk/pubns/cais10.htm. You’ll want to consider a means of extraction, such as canopies and extraction filters, for smoke and grease.

Check your requirements

Size is a crucial consideration, as the oven needs to fit in your kitchen, but it also needs to have a suitable internal capacity for your needs. Ensure you have the connections required depending on whether the oven runs on electricity, charcoal or gas. Some ovens may also need water, so when you’re measuring up for an oven, keep in mind the ability to connect to a water source.… Read more