Companies
Troubled pension fund’s loan sparks possible legal action
Hartley Pensions, which is being wound down, has been castigated by British financial watchdog over the handling of £15 million of client funds
A team of liquidators in Britain is considering “whether legal action should be commenced” over money loaned from a British pension fund to its Irish subsidiary, according to a new report.
The report is a six-month update on the winding-down of Hartley Pensions, which is a subsidiary of the Wilton Group, a British pension fund management firm run by Irishman Tony Flanagan.
Hartley and Flanagan have been severely criticised by the British Financial Conduct Authority ...
