InterestMe Financial Planning: Advice firm goes into administration after numerous complaints upheld

If you’ve had any dealings, whether regarding investments or pensions, with London-based firm InterestMe Financial Planning or its appointed representative InterestMe Advisers, you need to be aware that the company has now entered administration following increasing restrictions placed on it by the Financial Conduct Authority (FCA).

While authorised by the FCA to provide regulated services including financial planning, pension advice, mortgage advice and wider financial planning services, the firm and its sister company EGR Wealth have recently been the subject of a number of complaints which led to administrators being appointed on 24^th September, 2026.

Where it went wrong for InterestMe

Originally authorised by the FCA in 2011, InterestMe and its appointed representative have been the subject of 15 complaints against them since 2022, 12 of which involved advice to transfer pension assets into SIPPs managed in some cases by sister firm EGR Wealth, all of which were upheld by the Financial Ombudsman Service (FOS). Over the same period, EGR also faced 18 complaints, 17 of which were upheld.

These complaints led to several restrictions from the FCA against both companies, with InterestMe Financial Planning agreeing to a voluntary requirement (VREQ) in July 2026 which stopped it from carrying out any regulated activity, accepting new clients or investments or dealing with client assets without prior written permission. In August sister company EGR Wealth filed for administration, followed a month later by both InterestMe Financial Planning and parent company InterestMe Financial Holdings Limited appointing administrators.

The administrators oversaw an immediate sale of the InterestMe’s client book and associated assets to My Pension Expert Limited.

InterestMe Financial Planning Timeline

October 2011 – InterestMe authorised by the FCA

2019 – the FCA imposes the first of a series of restrictions on InterestMe that eventually lead to a near-total freeze in trading

2020 – sister company EGR Wealth is also subjected to FCA restrictions

2022 onwards – a series of complaints is received by the FOS against InterestMe, mainly about poor pension transfer advice – all 15 are upheld

July 2026 – the FCA publishes a voluntary requirement notice prohibiting InterestMe from undertaking any regulated activities

August 2026 – sister company EGR Wealth files for administration

September 2026 – both InterestMe Financial Planning and parent company InterestMe Financial Holdings file for administration

September 2026 – administrators immediately sell the client book and associated assets to My Pension Expert Limited

Investments and pensions connected to InterestMe and EGR Wealth

There are a number of investments, pensions and company names linked to InterestMe and EGR. If you had your pension transferred to any of these investments, or had dealings with any of the companies listed here, contact us and we can bring you up to date with what options might be available to you.

• Vernon Property – this high-risk property investment scheme met with severe operational difficulties and structural failure
• Minerva Lending – unregulated, this high-risk lending scheme hit major financial problems
• Access Commercial Bonds – high-risk, fixed income bonds that suffered severe defaults
• InterestMe Wealth Portfolios – used to move pensions into high-fee, underperforming SIPPs
• Wise Pensions
• Wise Annuities
• Wise Triviality
• pensionreview.co.uk
• Thistle Consulting London

What compensation might be available?

Once the administrators were appointed, the FCA advised customers to ensure their contact details are up to date and to consider which firm they want to look after their investments in future – although now the client book and associated assets have been sold, the situation is unclear as to what compensation may be available.

Clients with outstanding complaints against InterestMe may still be able to make a claim, and the FCA said those that have already been referred to the FOS will be contacted about next steps. The Financial Services Compensation Scheme (FSCS) will also be involved, to determine what happens next in relation to any eligible losses. The maximum compensation available for successful claims under the FSCS is up to £85,000.

Keeping you up to date

As the situation with InterestMe is constantly evolving, we’re continuously tracking developments – so you can rest assured we’ll bring you updates as soon as further details become available.

What happens next and how CP Financial Claims can help

While you’re not obliged to use a claims management company, and can claim for free through the FSCS or Financial Ombudsman Service, with such a complex situation it may be prudent to work with specialists in recovering money for customers of failed firms such as InterestMe. 

We can handle the entire process of putting together your claim, including paperwork and communicating with the FSCS, the Ombudsman or the firm’s administrators directly. There’s nothing to pay upfront, and you only pay a fee if we’re successful, so it could be well worth your while talking to us now.

Your next steps

If you’ve been affected by the failure of InterestMe Financial Planning, you can submit your details on this page for a free, no obligation chat with our team of experts. They’ll give you clear, straightforward advice on the options available to you.