Harlequin: SIPP investors win battle over former advisers

Update Harlequin 150pxA group representing investors into the beleaguered Harlequin property group have won a victory over the advisers who “facilitated” the investment into the unregulated investment. Acting on behalf of an investor, the Harlequin Investor Group (HIG), which is run by Regulatory Legal and represents over a thousand Self-Invested Personal Pension (SIPP) investors, has had a complaint against an adviser upheld by the Financial Ombudsman Service (FOS). SIPP transfers Investors into Harlequin property resorts and developments have been fighting an on-going battle to see a return on their investment for over ...

Harlequin Property Update: Clients of TailorMade contacted by FSCS

Update Harlequin 150pxClients of TailorMade Independent, which heavily promoted investment into Harlequin Property, are to be contacted by the Financial Services Compensation Scheme (FSCS) to investigate whether they should receive compensation. TailorMade was a provider of SIPPs (Self-Invested Personal Pensions) and alternative investments, including Harlequin Property. Clients of the firm have had a rough ride over the past 12 months. TailorMade varied its regulatory permissions earlier in the year, so it could no longer advise on new pensions and entered liquidation in October, leaving investors hugely concerned over the future of their pensions. Since ...

Harlequin Property update: Confusion over true valuation of Harlequin investments

Update Harlequin 150pxHarlequin investors have been left confused over the true value of their investment, after one SIPP (Self-Invested Personal Pension) provider took the decision to value investments in the beleaguered property firm at just £1. A letter sent by the Lifetime SIPP Company to investors, seen by Investment Sense, says: “As you may be aware the underlying assets purchased with monies raised by investors through Harlequin Property were overseas property developments. Some of the developments have not been completed on ...