Joint administrators begin transfer process for Hartley SIPP clients

Comes after the SIPP operator was declared in default by FSCS

Isabel Baxter
clock • 1 min read

Hartley Pensions’ joint administrators will be issuing communications to self-invested personal pension (SIPP) clients about their proposed strategy and timelines for distributing and/or transferring assets.

In an update posted by the Financial Services Compensation Scheme (FSCS) yesterday (4 April), it stated that these communications will be issued from April through to June. The lifeboat fund said it will continue to work closely with joint administrators – Peter Kubik and Brian Johnson of UHY Hacker Young – as they progress their exit strategy. Kubik and Johnson were appointed to the joint role in in July 2022, a move that led to a reassessment by the FSCS. The FSCS previously said it would not pay the charges, but decided on 29 January that it would pay the exit and administration...

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