Embattled GPC SIPP sold to Hartley Pensions

The deal, which was completed on 12 August, included the effective transfer of GPC SIPPs and small self-administered schemes (SSASs) held via the trustee company, Guardian Pension Trustees. GPC SIPP entered insolvency in June after fighting a raft of claims and complaints made against it in relation to investments in the Harlequin property scheme. Smith & Williamson (S&W) was appointed as administrator. The firm administered around 3,200 SIPPs and some 50 SSASs, holding more than 8,000 property assets and comprising a total investment value of £130m. 'Unsettling to clients' All G...