View more on these topics

IFA issues caution on Kilminster’s house

An ex-Kilminster IFA is issuing a caution to the Land Registry regarding Kilminster founder Malcolm Kil-minster’s house over fears that he may not return to the country.

Jordan Financial Planning founder Mike Jordan says he is making the move, which means he will be notified if an attempt is made to sell the house, due to concerns that Kilminster may not return from the US, where he is on a five-week holiday.

Jordan says he is owed £82,000 from Kilminster. He says: “It is worrying when someone gets taken to court for £190k and does not show up in person for the case.

“I asked my solicitor to take this action because I do not want to end up regretting the decision not to put a caution over his home in three months.”

The network Kilminster Financial Management is set to go into administration, with a creditors’ meeting scheduled for July 16 to appoint a liquidator.

A number of shareholders and ex-advisers are looking at taking legal action against Kilminster.

Jordan says: “Looking at what he owes our shareholders group, I would say that it is over £500,000. I would not be surprised if the whole ball park figure is over £1m.”

Kilminster was unavailable for comment.


Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm