Pension firm accused of 'misleading' 16,000 savers after collapsing into administration
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Pension firm accused of 'misleading' 16,000 savers after collapsing into administration.
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The Financial Conduct Authority (FCA) has launched enforcement proceedings against Hartley Pensions and an individual following the firm's collapse into administration in 2022.The regulator alleges the company repeatedly provided false and misleading information while improperly withdrawing and investing substantial sums from customers' pension pots without their knowledge or consent.According to the FCA, the actions were carried out to benefit a specific individual within the organisation.The FCA stated: "The FCA alleges that Hartley provided it with false and misleading information and improperly withdrew and invested substantial amounts of customers' pension funds, without their consent, to benefit an individual at the firm." TRENDING Stories Videos Your Say Warning notices have been issued to both Hartley Pensions and the individual involved as part of the enforcement process.Hartley Pensions operated as a self-invested personal pension provider under FCA authorisation and...
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