Administrators UHY Hacker Young have published a statement countering some claims made on the Hartley Action Group Website.
The Hartley Action Group Website has been set up by Hartley Pension Sipp holders who are battling to get their money. The group is funding via a GoFundMe website.
However, in an update, UHY Hacker Young said the Hartley Action Group Website “contains several inaccuracies concerning both the administration of Hartley and its parent company, Wilton UK (Group) Limited”.
UHY Hacker Young said one inaccuracy “is the claim that Mr Flanagan has leverage of UHY Hacker Young and therefore has control over the Hartley administration”.
The administrators said this claim “is entirely untrue” and that Flanagan holds no authority over UHY Hacker Young, the joint administrators or Hartley itself.
The firm stated: “Upon the administration of Hartley, Mr Flanagan's directorial powers ceased and he no longer maintains any managerial position within the company.”
Flanagan was the director and managing partner of Hartley Pensions before it went into administration.
UHY Hacker Young stated: “Please be assured the joint administrators are diligently addressing the situation and working to ensure that accurate information is accessible to all clients.”
Representatives of the Hartley Action Group Website declined to comment.
Hartley Pensions went into administration in July 2022.
Earlier this month (August 10), FTAdviser reported that people fighting to get their money out of Hartley Pensions faced further delays after the administrators said it will not begin its process of transferring pensions until the end of this year.
In an update to Sipp clients from UHY Hacker Young, the administrators said transfers were unlikely to happen in 2023 due to the timescale of a court application.
UHY Hacker Young previously told investors it would apply to court to ratify an ‘exit and administration’ charge that the administrators will make against the assets clients hold within their Sipps.
amy.austin@ft.com
