Financial advice firm IMFP and representative IMA enter administration

Firms enter administration

InterestMe Financial Planning Limited (IMFP) and its appointed representative InterestMe Advisers Limited (IMA) entered administration on 24 September 2026, the Financial Conduct Authority (FCA) has confirmed. Robert Goodhew and Geoff Bouchier of Kroll Advisory Limited have been appointed joint administrators for both firms.

IMFP was authorised by the FCA to carry out regulated activities, including financial planning and advice on pensions, mortgages and wider financial planning matters. IMA operated as an appointed representative of IMFP, meaning it carried out regulated business under IMFP’s authorisation.

Restriction imposed before collapse

Two months before the administration, on 24 July 2026, IMFP had agreed to a voluntary requirement restricting the activities it could carry out. The FCA’s notice does not set out further detail on what prompted that restriction or how many clients were affected by it.

What administration means for customers

The joint administrators are officers of the court and must comply with insolvency law while managing the affairs of both firms during the administration process. The FCA has published information for customers of IMFP and IMA covering several practical points:

• How to contact the joint administrators directly.
• General information about how the administration will proceed.
• What steps to take if customers have concerns about investments held through the firms.
• How to pursue a complaint against IMFP or IMA.
• Guidance on protecting against fraudsters who may falsely claim to represent the firms, the joint administrators, or the FCA itself.

The FCA has not published figures on the number of customers affected, the value of assets or investments involved, or any timetable for how long the administration process is expected to take.

Who is affected

Anyone who holds, or held, a financial planning arrangement, pension or mortgage advice relationship with IMFP or IMA is potentially affected. The FCA’s guidance is aimed specifically at these customers, directing them to the joint administrators for case-specific queries rather than to the regulator itself.

What happens next

Kroll Advisory Limited’s joint administrators will now take charge of managing the affairs of IMFP and IMA under insolvency law. Customers with concerns about their investments or with unresolved complaints are being pointed towards the contact routes set out in the FCA’s notice. The regulator has also warned customers to be alert to fraudsters who may try to exploit the administration by posing as representatives of the firms, the administrators or the FCA. No further regulatory action against the firms has been detailed beyond the confirmation of administration and the earlier voluntary requirement agreed in July 2026. The FCA says it will continue to provide updates for affected customers as the administration proceeds.