FSCS to accept Harlequin direct investment claims

More claims expected

Carmen Reichman
clock
Harlequin sold £400m of investments
Image:

Harlequin sold £400m of investments

The Financial Services Compensation Scheme (FSCS) is starting to accept claims for bad investment advice in relation to failed property scheme Harlequin, it has said.

The body, which already pays out on claims against negligent mortgage advice and pension switching, changed its position on direct investments following a review. New evidence obtained through i...

To continue reading this article...

Join Professional Adviser

 

  • 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 Regulation

Nicola Parish: “Our new scams combat plan sets out to make savers aware of the risk of scams"

Cost of living exposing savers to more scams, TPR warns

TPR scams strategy

Hope William-Smith
clock 03 August 2022 • 2 min read
David Ogden: The FCA's Consumer Duty rules and the importance of value

David Ogden: FCA's Consumer Duty rules and the importance of value

Good value 'particularly important'

David Ogden
clock 03 August 2022 • 5 min read
FCA tightens AR rules to cut mis-selling risk

FCA tightens AR rules to cut mis-selling risk

'Regulatory lacuna'

Jenna Brown
clock 03 August 2022 • 3 min read