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£1bn SIPP provider falls into administration

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SIPP provider Intelligent Money has gone into administration, with its client accounts and assets transferred to pension administrator Quai through a pre-pack administration deal. The FCA announced that joint administrators from Interpath Advisory were...

Firms won't survive PPI-type ongoing advice compensation

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The advice sector is under the cosh as it struggles to respond to the previously underestimated demands of consumer duty. Just nine months ago, the gossip was all about giant St James’s Place, but now the pain has arrived at the doorstep of...