Initial 900 SIPP clients transfer out of stricken Hartley Pensions

Hartley went into administration in July 2022 over ‘toxic’ investments

Jenna Brown
clock • 1 min read

A total of 900 clients with assets worth £297m have been transferred out of failed Hartley Pensions (Hartley) by its administrators UHY Hacker Young.

In an update released today (7 January), the accountancy firm said further transfers were ongoing and it appreciated clients' patience as the self-invested personal pension (SIPP) business went into administration back in July 2022. Hartley went under after it made a series of SIPP book acquisitions from insolvent operators between 2018 and 2021. These books of business were found to contain "toxic assets". UHY Hacker Young said the administration had been "extremely complex" because of these investments as well as incomplete records held by Hartley.  It added that poor integration...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read