Intelligent Money Ltd is a self-invested personal pension (SIPP) operator authorised and regulated by the UK Financial Conduct Authority (FCA).
On 28 May 2024, the directors of Intelligent Money appointed Richard Heis and Edward Boyle of Interpath Advisory as joint administrators. The joint administrators are qualified insolvency practitioners.
Action taken prior to the appointment of the administrators has ensured that the administration of SIPPs, Individual Saving Accounts (ISAs) and General Investment Accounts (GIAs) is transferred to another regulated firm, Quai Investment Services Limited (Quai), so consumers can continue to contribute, withdraw, and make investment decisions as before.
The Financial Services Compensation Scheme (FSCS) is now open to claims against Intelligent Money and will be investigating whether there are any claims that meet their qualifying conditions for compensation.
FSCS is the compensation scheme for clients of UK authorised financial services firms and protects consumers when those firms are not able to meet protected claims against them. The FSCS has eligibility criteria in respect of the activities and the people who are covered.
If you have an existing claim with the FSCS against a different authorised firm (ie a financial adviser) relating to an investment within Intelligent Money SIPP, the FSCS will continue to process that claim.
If you are a client of Intelligent Money, you should visit the dedicated FSCS webpage.
There is more general information about the FSCS on its website or you can call 0800 678 1100 to speak to them directly.
