Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Administration expected to conclude in 2027

Isabel Baxter
clock • 3 min read

The investigation into failed Hartley Pensions is ongoing but slower than originally expected due to its complexity and scale, with the joint administrators noting delays related to potentially ‘misappropriated funds’.

The latest administrators report from joint administrators Brian Johnson and Peter Kubik of UHY Hacker Young gave an update on how many clients have been transferred out of the failed providers' self-invested personal pension (SIPP). Broken down, according to the latest administrators report, this included: All RL360 clients. There were 905 RL360 clients involved in the Hartley case according to UHY Hacker Young's website. Ardan & Trireme clients: 257 transferred out of 340 Fundment clients: 172 transferred out of 240 Platform One clients: 295 transferred out of 391 Clients ...

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

Majority of self-employed women fail to assess maternity leave/retirement impact

Majority of self-employed women fail to assess maternity leave/retirement impact

Just 18% said they had completed detailed planning on mat leave financial impact

Jenna Brown
clock 09 March 2026 • 2 min read
Everything advisers need to know about using a DB SSAS

Everything advisers need to know about using a DB SSAS

A DB SSAS operates using the regulatory framework as traditional DB pension arrangements

Caitlin Southall
clock 06 March 2026 • 4 min read
Pension transfer times got faster in 2025

Pension transfer times got faster in 2025

Transfer times took 10.2 days to complete on average, Origo finds

Jasmine Urquhart
clock 05 March 2026 • 1 min read