Industry bill for Harlequin clean-up could hit £120m
Main distributors already triggered £60m payout
The cost to the financial services industry of addressing losses linked to Harlequin Property and advisers who sold its products is likely to run to £120m, according to investors' lawyers.
A redress bill to cover poor advice from the main distributors of Harlequin investments has already hit £60m, figures from the Financial Services Compensation Scheme (FSCS) have revealed. This number...
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Plus more updates
Demand for face-to-face financial advice 'remains strong'
Two thirds feel robo-advice won’t meet their needs
One-third of asset managers not engaging on climate change despite three-quarters claiming to
Fewer than two thirds have an ESG engagement policy
