Hartley Pensions Limited (In Administration) – c.16,000 SIPP funds protected against £38m+ charge
Our lawyers represented approximately 16,000 SIPP holders (through five nominated Representative Respondents) in Part 8 Court proceedings brought by the Joint Administrators of Hartley Pensions Limited (In Administration) (“Hartley”) who sought approval to levy an “Exit & Administration Charge” of around £38m (with higher figures also referenced) to fund transfers to new operators and administration costs, with the deduction proposed from SIPP assets.