Financial advisers could be on the hook for hundreds of millions of pounds after the latest twist in the Harlequin saga in which the Financial Services Compensation Scheme (FSCS) has written down the value of the investment to nil.
In a document from the FSCS seen by Professional Adviser, dated 12 February and marked ‘compensation calculation', the body lists the value of a Harlequin Property investment as £0.00. A FSCS spokesperson...
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