'It hasn't been handled well': Honister adviser speaks out

Advisers have spoken of their frustration at the handling of the administration of Honister Capital.

The group, comprising Honister Partners, Burns-Anderson and Sage Financial Services, appointed Grant Thornton as administrator this morning, after professional indemnity insurance (PII) premiums for members reached "unprecedented levels". Many of the 900 advisers affected are understood to have been barred from accessing the network's intranet and email systems, leaving them unable to communicate with clients. "The emails are down, the intranet's down, we can't find out anything," said James Espin, an adviser at John White Associates, part of the Honister Partners branch. "Anybody ...