A group of Harlequin Property investors is seeking to agree a process with the company to facilitate the review of all investments through self-invested personal pensions (SIPPs) or those which have utilised a re-mortgage.
The Harlequin Investor Group is also seeking disclosure by Harlequin of what it understand to be a "rescue plan" being worked on by the company which will dictate whether finance is available for the £200m scheme to continue operating. Troubled Harlequin - a UK based overseas property agent which is under investigation by the Serious Fraud Office and which this week put its sales arm into administration - did not provide the pension transfer advice or re-mortgage advice as they are not regulated under the Financial Services & Market Act 2000. However, the Harlequin Investor Group is a...
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