FOS orders Quilter to compensate clients after Harlequin investment
Property was never built
The couple paid £29,000 deposit to Harlequin, £90,000 for their other investments and £100,000 to clear their existing mortgage.
Quilter Financial Planning has been told to pay compensation to a couple who invested their SIPP into the failed Harlequin property investment scheme.
The couple remortgaged their home with an interest-only loan to invest in off-plan developments in the Caribbean through Harlequin. Mr and Mrs H, as referred to by the Financial Ombudsman Service (FOS),...
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