TailorMade, a UK distributor of investments in Harlequin Property, has said it stopped taking new money into the overseas property scheme in January following a Financial Services Authority (FSA) alert about Harlequin.
TailorMade has an advice arm, an alternative investment business and self-invested person pension (SIPP). IFAonline understands the firm's IFA arm has been advising clients to invest in Harlequin properties through TailorMade's SIPP, but the company would not disclose how many pension transfers it had done. In a statement, TailorMade said that, until Jan 2012 - when the FSA issued its alert to financial advisers about investing clients money in Caribbean property through Harlequin - it was one of "the hundreds of worldwide distributors of Harlequin investments". It continued:"Howev...
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