SIPPs: Hopes and fears for 2014

Our financial wish list  6 things we’d like to see change in 2014 150px2014 will be a big year for the self-invested pension industry; the Financial Conduct Authority (FCA) is due to release its final proposals for capital adequacy requirements for SIPP (Self-Invested Personal Pension) providers, further consolidation is expected, whilst the spectre of poorly performing unregulated investments continues to cast a cloud over certain providers. We’ve asked leading figures for their hopes and fears for 2014. What are the key issues? ...

Harlequin property update: Regulatory Legal’s latest thoughts

Update Harlequin 150pxRegulatory Legal, who runs the Harlequin Investor Group (HIG), have released an update on the latest developments in the Harlequin property Saga. According to recent reports some 6,000 investors have committed around £400 million to Harlequin Property, which has faced multiple problems over the past few months, including an investigation by the Serious Fraud Office (SFO) and various legal actions. The full update from Regulatory Legal reads: At outset, HIG are more than prepared to continue to engage with Harlequin and will seek to ...

Harlequin property update: Freezing orders served on David & Carol Ames

Update Harlequin 150pxOur second update this week for Harlequin Property investors as developments come thick and fast. Freezing order made on personal assets of David & Carole Ames David and Carol Ames, Chairman and Director of Harlequin Property have both had freezing orders served on their personal assets. In a statement on the Harlequin Investor Board, Nikki Crozier of CPC Worldwide, one of the companies acting on behalf of Harlequin Investors, said:  “At 8.27pm yesterday evening, a freezing order ...

Harlequin Property update: 40% of investors want their money back, whilst SIPP eligibility is questioned

Update Harlequin 150pxThis week saw beleaguered Harlequin investors, gather in a series meetings run by law firm Regulatory Legal, who have also carried out a survey of investors, the results of which make interesting reading. There have been other interesting developments, as at least one leading SIPP provider questions whether Harlequin investments should ever have been allowed to be held in a SIPP. Survey of Harlequin Property investors A survey of 150 Harlequin Property investors, ...