Editorial comment: Rights and Wrongs

Firstly, it has come to light that the expected placing into administration of Millfield Partnership Ltd may yet prove more costly to some intermediaries than may previously have been believed. In a case outlined to IFAonline, it is alleged members of Millfield subsidiary Millfield South East - which is under the administration of Herron Fisher, although Millfield Partnership Ltd (MPL) apparently has not officially appointed administrators yet – have been left with procuration fees unpaid. Leaving aside the legalese separating parent and subsidiary, one of the key pieces of informatio...