FCA to take action against Hartley Pensions and involved individual

Failed self-invested personal pension (SIPP) operator Hartley Pensions entered administration in July 2022. The financial services watchdog has alleged that Hartley Pensions provided it with "false and misleading" information and improperly withdrew and invested "substantial" amounts of customers' pensions, to the benefit of an individual at the business. This was done without customers' consent, the FCA alleged. In a warning notice, the FCA further set out that Hartley Pensions had failed to communicate with pension holders about the investments and had failed to "seek to manage c...