More than one broker...
Posted: June 23rd, 2023, 1:37 pm
I know its been debated before, how many brokers/fund providers etc, ( my view has been at least three of everything, no single point of failure to exceed 50% or £1m, I'm giving it further thoughts...)
But clearly when things go round its messy, takes a long time and seems you may end up out of pocket.This provider was administering above £1.2billon, not a small operation either.
It seems the provider had taken over other failed providers before going into administration itself last year, some clients are 4 years into the process and still waiting for money.
Came across this today https://www.ftadviser.com/pensions/2023/06/23/hartley-administrators-propose-four-cost-models-for-sipp-clients/?xnpe_tifc=h.L.4DesbDHZ4kbJ4I1j4MpsafeWaeiWhFW.adpWasiXbMschoBAbfxcbdiArFb7h.zJhIxXhfYXxkYDhfYT&utm_source=exponea&utm_campaign=FTA%20-%20Lunchtime%20Bulletin%20-%20Newsletter%20-%2023.06.23&utm_medium=email
It's interesting and there are links to previous articles relating to this matter lower down the page.
But clearly when things go round its messy, takes a long time and seems you may end up out of pocket.This provider was administering above £1.2billon, not a small operation either.
It seems the provider had taken over other failed providers before going into administration itself last year, some clients are 4 years into the process and still waiting for money.
Came across this today https://www.ftadviser.com/pensions/2023/06/23/hartley-administrators-propose-four-cost-models-for-sipp-clients/?xnpe_tifc=h.L.4DesbDHZ4kbJ4I1j4MpsafeWaeiWhFW.adpWasiXbMschoBAbfxcbdiArFb7h.zJhIxXhfYXxkYDhfYT&utm_source=exponea&utm_campaign=FTA%20-%20Lunchtime%20Bulletin%20-%20Newsletter%20-%2023.06.23&utm_medium=email
It's interesting and there are links to previous articles relating to this matter lower down the page.