The FCA confirmed that on 4 June 2025, the company ceased trading and entered liquidation, with Simon Farr and Tom Bowes of FRP Advisory Trading Limited appointed as joint liquidators. The regulator said it is working closely with them to ensure customers are supported through the transition.
MNEL, which is authorised and regulated by the FCA, provided a digital platform for managing pensions and ISAs.
The company’s directors took the decision to wind up the business after assessing its financial position and receiving formal insolvency advice.
The FCA said MNEL customers had been …
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
