Intelligent Money was a British Investment management company, personal pension provider and ISA plan manager,[1] based in Nottingham, authorised and regulated by the Financial Conduct Authority.
The company went into administration in May 2024 after concerns for its financial stability by regulators. Soon afterwards the company and its assets were sold to Quai Administration Services Limited.[2]
History
Foundation
The company was established in 2002 by founder and sole financier Julian Penniston-Hill.[3]
In March 2019, Intelligent Money stopped accepting Defined Benefit pension transfers into its Self-invested personal pensions (SIPPs) over concerns SIPP providers could be held liable for recommendations by advisers.