The maximum information rates for bandlimited channels with direct detection are achieved with joint detection and decoding (JDD), but JDD is often too complex to implement. Two receiver structures are studied to reduce complexity: separate detection and decoding (SDD) and successive interference cancellation (SIC). For bipolar modulation, frequency-domain raised-cosine pulse shaping, and fiber-optic channels with chromatic dispersion, SIC achieves rates close to those of JDD, thereby attaining significant energy gains over SDD and intensity modulation. Gibbs sampling further reduces the detector complexity and achieves rates close to those of the forward-backward algorithm at low to intermediate signal-to-noise ratio (SNR) but stalls at high SNR. Simulations with polar codes, higher-order modulation, and multi-level coding confirm the predicted gains.