Guinness Mahon entered administration following a raft of complaints about historic high-risk non-standard investments.
In 2018, Hartley Pensions said it would administer the good and bad assets of collapsed Sipp provider Lifetime Sipp, which went into administration in March 2018.
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Then later in August 2019, Hartley bought defunct provider GPC Sipp's healthy Sipp and Ssas books for £482,000.
Just last week, UHY Hacker Young, the administrators of Hartley Pensions set out four cost models to calculate exit and administration charges for Sipp clients.
This will replace the current annual management fees that Sipp clients are being charged and will enable them to eventually transfer out.
simoney.kyriakou@ft.com jane.matthews@ft.com
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