P2P: Why Bother with Banks?

With peer-to-peer (P2P) lending gaining the seal of approval of inclusion in ISAs, its impact on the savings market looks set to grow. How significant a threat is P2P to traditional banks and building societies? Do the higher rates on offer from P2P, along with the new Personal Savings Allowance for tax-free interest, mean that savers will give up on Cash Isas? And while P2P continues to attract savers, concerns remain that consumers don't properly understand the risks involved. Is the marketing of this new asset class at fault, and how can we ensure that consumers aren't misled? Our speakers debate the implications of P2P for the retail banking sector.