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.

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