A team from Smith & Williamson have overseen the successful sale of beleaguered SIPP business GPC.

Administrators Adam Stephens and Henry Shinners of Smith & Williamson, have arranged for the business to be sold to Hartley Pensions in a deal that concluded this week (12 August).

The sale included the transfer of the SIPPs and small self-administered schemes (“SSASs”) held via GPC’s trustee company, Guardian Pension Trustees.

GPC went into administration in June.

Mr Stephens said he was pleased to conclude the sale.

“We recognise that the insolvency of GPC may have been unset...