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Self-invested personal pension (SIPP) providers holding Harlequin investments are set to earn £17m from investors in fees over the next ten years, according to a law firm, while the underlying investment could be virtually worthless.
Providers are hailing it as a solution to pensioner poverty but retirement planners are taking a more cautious approach to using equity release in this way. Maryrose Fison takes a closer look at what advisers need to consider when advising on these products....