Marcial Boo, CEO

IPA Insolvency Practitioner newsletter, May 2026

Dear members,

Here are some important recent developments that I encourage you to review.

The Joint Insolvency Committee (JIC), which includes the IPA as a leading member, is consulting on a revised Statement of Insolvency Practice 2 (SIP 2) relating to investigations by office holders. Advances in technology, including AI and open banking, and higher expectations of investigations, have led to this review of the SIP 2 guidance. The IPA is asking for your views on the JIC consultation. Your insight will ensure the revised SIP reflects the realities of practice and the public interest that underpins insolvency regulation.

You may also wish to hear the latest UK Financial Intelligence Unit (UKFIU) podcast on money laundering risks in the real estate and letting agency sector, with contributions from HMRC and industry, exploring Suspicious Activity Reports (SARs) and sector-specific red flags. Many of the themes on risk identification and reporting are applicable to all sectors.

Please also look at the IPA’s free webinar series for our members. On 16 July and 26 August, two expert-led sessions will support those preparing for insolvency exams, focusing on key technical areas including Statements of Affairs, Deficiency Accounts and Estimated Outcome Statements. Please encourage those taking the CPI, CPPI or JIE to sign up. And also point them to the IPA’s two free scholarships for CPI students this year, where we will pay for all exam fees and tuition. In 2027, we intend to provide six scholarships, for both CPI and JIE.

These initiatives demonstrate how the IPA is supporting the insolvency profession and investing in its future generations of practitioners. Other lunchtime learning and CPD events are available for all our members to help you keep your knowledge up to date. I hope to see you there.

Finally, as Yin Lee ends her Presidential year, I offer my personal thanks for her energy and ideas over the last 12 months. She has championed IPs from smaller firms and directly led to the launch of our Scholarships for those new to the profession. A lasting legacy. I welcome Louise Brittain as IPA President for 2026-27, whose deep knowledge and commitment to good insolvency practice will build on the work of past Presidents. And I also welcome new IPA Board members Robert Armstrong, Lloyd Biscoe, and Natalie Rose. I look forward to working with them all.

Best wishes,

Marcial Boo