The Financial Services Compensation Scheme (FSCS) is to compensate self-invested personal pension (SIPP) claimants for losses in the value of their investments in three schemes, including Harlequin Hotels and Resorts.
It said this was in addition to compensating for lost pension growth and charges taken from their SIPPs. The body said it would consider claims for investment losses resulting from the advice given by firms to switch to the SIPP relating to three investment schemes (up to its limit of £50,000). These are: Harlequin Hotels and Resorts Green Oil Plantations Limited Sustainable AgroEnergy Plc. The FSCS said it had been issuing decisions on SIPP related claims against IFAs that are no longer trading since September 2014. These claims have been in relation to...
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