FCA revokes advice firm's permissions after failure to pay fees

Integellus Financial Services can no longer carry out regulated activities

Isabel Baxter
clock • 1 min read

The Financial Conduct Authority (FCA) has imposed restrictions on financial planning firm Integellus Financial Solutions Limited (IFSL) for failing to pay periodic fees and levies owed.

In a decision notice published yesterday (18 July), the regulator revoked the Newcastle-upon Tyne-based financial planner's 4A permission, which means it is no longer has permission to carry out any regulated activities. The firm was authorised by the FCA in February 2018 and had a 4A permission to conduct regulated activities in relation to insurance distribution, consumer credit and regulated home finance. However, IFSL failed to pay fees and levies of £1,807.69 which had been due for payment by 13 October 2022. It also failed to submit returns and firm details attestation (FDA) ...

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