Harlequin

A group of investors in troubled overseas property scheme Harlequin have dropped a case against the scheme's chairman David Ames, and his company director wife Carol, that alleged the pair made false claims about the investment.

Fresh fears for the safety of £400m of Harlequin investments have been raised following reports circulated by the company that its sales arm has entered liquidation.

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

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.

Harlequin chairman David Ames is misleading investors into thinking the Financial Services Compensation Scheme (FSCS) backs a controversial trust he is trying to use to rescue his troubled overseas property scheme - a claim the FSCS denies - information...

The Financial Services Compensation Scheme (FSCS) has said it is still investigating whether investors who put money into troubled unregulated scheme Harlequin Property via firms that have now failed are eligible for compensation.

The Financial Services Compensation Scheme (FSCS) said it expects the number of advisory businesses declared in default as a result of its investigations into self-invested personal pension (SIPP) advice to rise above the current four.

The Financial Ombudsman Service (FOS) has uncovered two more cases where self-invested personal pension (SIPP) investors in troubled unregulated overseas property scheme Harlequin received poor advice.

Financial Services Compensation Scheme (FSCS) chief executive Mark Neale is "increasingly concerned" by the rising number of claims the service is receiving that are linked to advice to move pensions into risky assets held in self invested personal pensions...

A group of investors in troubled overseas property sales agent Harlequin has claimed a first victory in its battle to receive compensation from advisers who 'facilitated' their investments.