SIPPs: Concern mounts over Harlequin Property

Update Harlequin 150pxAmid mounting concern over Harlequin Property, the FSA (Financial Services Authority) has written to SIPP providers asking them to confirm the exposure to the scheme within their SIPPs (Self Invested Personal Pensions). As part of their “on-going supervisory work into financial advisers” the FSA has asked SIPP providers to confirm the extent of their exposure within five working days. A number of SIPP providers, including Suffolk Life, Liberty, Talbot & Muir and LV= were quick to take to the social networking site, ...

SIPPs: FSA warns on overseas property investments

FSA warns on overseas property investmentsThe FSA has issued two warnings to advisers and investors highlighting the dangers of overseas property and wider unregulated investments. In a separate alert to financial advisers the regulator also took the unusual step of naming one particular unregulated investment scheme. SIPPs and unregulated investments In the first warning the FSA highlighted their concerns over some financial advisers recommending SIPPs (Self Invested Personal Pensions) to investors who then planned to buy unregulated investments ...