Troubled SIPP provider Greyfriars AM enters administration

Greyfriars entered administration on 23 October and Adam Stephens and Henry Shinners of Smith & Wlliamson were appointed lead administrators shortly afterwards. Their first task as administrators was to conclude the sale of Greyfriars self-invested personal pension (SIPP) and SSAS business to Hartley Pensions. This followed the recent transfer of the advisory arm of Greyfriars to Insight Financial Associated, which completed on 16 October. The staff working at Greyfriars will be transferred to Hartley. Smith & Williamson lead administrator Stephens said: "We are focused on working wit...