Industry bill for Harlequin clean-up could hit £120m

Main distributors already triggered £60m payout

Laura Miller
Industry bill for Harlequin clean-up could hit £120m

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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