'It hasn't been handled well': Honister adviser speaks out

clock

Advisers have spoken of their frustration at the handling of the administration of Honister Capital.

The group, comprising Honister Partners, Burns-Anderson and Sage Financial Services, appointed Grant Thornton as administrator this morning, after professional indemnity insurance (PII) premiums for members reached "unprecedented levels". Many of the 900 advisers affected are understood to have been barred from accessing the network's intranet and email systems, leaving them unable to communicate with clients. "The emails are down, the intranet's down, we can't find out anything," said James Espin, an adviser at John White Associates, part of the Honister Partners branch. "Anybody ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Roger Brosch: Advice should also mean investing in your memory bank

Roger Brosch: Advice should also mean investing in your memory bank

Financial advice is never about the money itself

Roger Brosch
clock 27 August 2026 • 3 min read
Advice JVs: Why professional services tie-ups are moving beyond referrals

Advice JVs: Why professional services tie-ups are moving beyond referrals

Firms look to joint brand relationships

Isabel Baxter
clock 27 August 2026 • 6 min read
The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read