Warning Harlequin SIPP investments breach lending limits

Laura Miller
clock

A law firm has warned that some property investments made with Harlequin Group via a self-invested personal pension (SIPP) may have breached lending rules.

Regulatory Legal Solicitors has reviewed contracts where investors have invested in a Caribbean property with Harlequin - a UK-based overseas property sales agent that is not regulated by the Financial Services Authority (FSA) - via a SIPP. Both the pension adviser and the SIPP itself appear in all cases to have missed the limitation on lending where pension schemes are involved, the law firm said. Under SIPP rules, the maximum that can be borrowed to finance a property purchase and development is restricted to 50% of the fund's net assets, less any existing borrowings. Regulatory ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Guaranteed income integration critical to guided retirement success

Guaranteed income integration critical to guided retirement success

Research finds annuitisation rates of 55% to 60% are possible without compulsion

Jonathan Stapleton
clock 16 September 2026 • 5 min read
DWP seeks small pension pot default consolidator solution

DWP seeks small pension pot default consolidator solution

Government aims to have small pot consolidation operational from 2030

Jonathan Stapleton
clock 15 September 2026 • 2 min read
Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Takes case to The Pensions Ombudsman

clock 10 September 2026 • 2 min read