Could Hartley Pensions Limited be responsible for your mis-sold pension? If so, you could have a mis-selling claim. Over recent months, Hartley Pensions Limited has seen itself in increasingly hot water. The Financial Conduct Authority (FCA) has highlighted serious operational and regulatory issues, and many investors have gone online to lament the loss or erosion of their pensions at the hand of the SIPP provider.
If you have ever had a pension with Hartley Pensions and lost money, you could be entitled to compensation. Please get in touch with us for more information about making a Hartley Pensions mis-selling claim.
If the following has happened to you, it may indicate you were mis-sold a pension:
Mis-selling a pension is illegal. You can apply for compensation for a Hartley Pensions mis-selling claim by contacting us today
The Financial Services Compensation Scheme (FSCS) has opened an investigation over the claims against Hartley Pensions Limited. The company has also begun to experience permission restrictions from the Financial Conduct Authority (FCA).
It started in February 2022 when the FCA froze the assets of Hartley Pensions, meaning that they couldn’t be moved or sold without express permission. The FCA went further in March 2022, preventing the SIPP provider from taking on any new clients or business unless authorised.
Hartley Pensions responded by asking the FCA to impose a set of requirements on its own company that it would have to meet to continue accepting contributions toward pensions. Effectively, Hartley Pensions asked the FCA to lock it out of its business. As of August 2022, the company can no longer accept incoming pension contributions and transfers. In addition, the provider cannot switch a pension to another SIPP or SSAS provider.
Hartley was one of a few SIPP firms that had been buying up the “books” of other providers. This means that it had been taking over the SIPPs portfolio of failing firms. Such failed firms include Guinness Mahon Trust Corporation, Lifetime SIPP Company, Berkeley Burke and GPC SPP.
Whilst there are heavy restrictions put on the company, people who are already regularly withdrawing money from their Hartley Pension will be able to keep doing so. Also, all pension payments will continue to be made. That being said, it’s a good idea to think about whether you’ve been mis-sold.
Here at KP Law, we provide professional, no-win, no-fee legal support for our clients. We work to ensure that you get the justice and compensation you deserve so you are not out of pocket due to being mis-sold or misadvised about your pension investments.
Contact our specialist team now to discuss a Hartley Pensions mis-selling claim.
Where multiple people have received negligent or fraudulent pension advice from the same professional advisor/company, we can help them to recover their losses collectively. Group actions can be a powerful tool and can have a bigger impact than a single claim.
CONTACT US TO DISCUSS A PENSION MIS-SELLING GROUP ACTION CASE
The Financial Conduct Authority (FCA) has introduced a range of restrictions on SIPP provider Hartley Pensions. These follow earlier restrictions announced in March, when the regulator’s register revealed that Hartley Pensions could no longer carry out regulated activities, and in February when the business was forbidden from disposing any assets or transferring any client funds.
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