MacRobins asks providers to 'reconsider actions' on Honister commission

In a statement released today, MacRobins said it had the "greatest sympathy" over the plight of the advisers involved, adding: "We have no desire or intention to compete with the former advisers of Honister over their clients." Honister Capital was placed into administration last month after failing to secure professional indemnity insurance. Administrator Grant Thornton later arranged the sale of the trail and pipeline commissions on the advisers' books to MacRobins. Grant Thornton said the income belonged to the network - Honister - and that it was acting as other insolvency prac...