Hartley Pensions: Insolvency
The question
To ask the Chancellor of the Exchequer, whether she plans to take steps to provide compensation for self-invested personal pension holders affected by Hartley Pensions entering administration.
Answered by Emma Reynolds
As a self-invested personal pension (SIPPs) provider, Hartley Pensions is regulated by the Financial Conduct Authority (FCA). The FCA is working with the administrators of Hartley Pensions to ensure that any customers affected by the situation achieve the best possible outcome. The Financial Services Compensation Scheme has also agreed to compensate customers by funding the costs of the Joint Administrators’ exit strategy for Hartley SIPP customers.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →