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

Mind the (widening) gender pensions gap

Mind the (widening) gender pensions gap

‘A terrifying outcome for women in retirement’

Caitlin Southall
clock 14 January 2026 • 4 min read
Pensions body warns MPs on salary sacrifice change impact

Pensions body warns MPs on salary sacrifice change impact

Employers and employees will ‘face higher costs’ from salary sacrifice changes

Jasmine Urquhart
clock 14 January 2026 • 2 min read
Many savers fear smaller pension pots after salary sacrifice reforms

Many savers fear smaller pension pots after salary sacrifice reforms

Two-thirds think changes will mean paying more National Insurance

Jasmine Urquhart
clock 08 January 2026 • 2 min read