A Hartley Pensions campaign group has pledged to try to stop Wilton IOM going into liquidation.
It is planning to attend a creditors meeting on the Isle of Man scheduled for this month to make its views known.
According to The Gazette, director Michael Flanagan gave notice this month that an extraordinary general meeting of shareholders and a meeting of creditors of the company will be held in Douglas on February 12 at 10:45am and 11am respectively.
Attendees will be presented with a "full statement of the position of the company’s affairs", together with a list of creditors and an estimated amount of their claims.
The plan is to then agree to wind up the company under creditors voluntary liquidation and appoint Adrian Charles Hyde and Craig Mitchell as liquidators and, "if thought fit, of not appointing a Committee of Inspection".
According to the campaign group, Wilton IOM had licences to provide corporate services and to act as a fiduciary / trustee for Hartley Pensions. It is understood Wilton IOM managed a number of offshore trusts and Wilton affiliates.
On January 24 this year, the Isle of Man Financial Services Authority removed Wilton (IOM) Limited's regulatory licence.
In a public statement it said: "Following a number of failings within and by Wilton, the Authority has determined that it is reasonable, appropriate, necessary and proportionate in the circumstances to revoke the licence of Wilton in its entirety under section 9(1) of the Act."
In a newsletter, the Hartley Pensions campaign group said: "We must stop WIOM being liquidated. We will attend the creditors meeting in Douglas, Isle of Man on Monday 12 February."
It urged members to "support us and complete the proxy, enabling us to face up to those who would otherwise try to prevent the truth from being known."
In 2023, statements were made at a hearing at Leeds Circuit Commercial Court relating to a petition to wind up Wilton UK, the parent company of Hartley Pensions.
According to Hartley Pension’s due diligence pack (2017), Wilton UK (Group) Ltd bought Hartley Pensions in 2016 and is wholly owned by Wilton Group Ltd .
On July 11 last year, Colm John O'Sullivan and Most Consulting Ltd, filed a petition to wind up the Wilton UK (Group) in the Business and Property Courts in Leeds, as creditors of Wilton UK (Group), according to the Gazette.
The campaign group was set up last year after FT Adviser issued a call to arms from one Hartley Pensioner, Simon Nuttall, who said a group needed to be formed.
Since then, FT Adviser has fielded inquiries from dozens of advisers and clients.
The story is ongoing.
