'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

News editor's view: 40s are the new 50s - a move in the right direction? 

News editor's view: 40s are the new 50s - a move in the right direction? 

The news editor's Friday Night Takeaway from 1 May

Isabel Baxter
clock 01 May 2026 • 3 min read
Feel Good Friday: FOS chooses Dementia UK as charity partner

Feel Good Friday: FOS chooses Dementia UK as charity partner

Will support Dementia UK over the next two years

Professional Adviser
clock 01 May 2026 • 1 min read
Why 50:50 parenting doesn't necessarily mean no child maintenance

Why 50:50 parenting doesn't necessarily mean no child maintenance

'In many cases, one parent will meet a greater share of the children’s financial needs'

Clizia Motterle
clock 01 May 2026 • 4 min read