Pensions
Plans to wind-up Tony Flanagan’s embattled pension firm hit legal snag
Complications in appointing administers could see creditors ask court to take alternative insolvency routes
Tony Flanagan’s appointment of administrators to wind-up Wilton UK Group, his embattled pension firm, has hit a legal snag, according to reports.
The administrators will have now have to ask the firm’s creditors to ratify their appointment. Creditors could ask the court to take a different insolvency route.
In April, Flanagan appointed a firm called Quantuma with winding up the business as part of what is known as an out-of-court route to administration, by which ...
