Harlequin

A date has been set for a meeting of creditors of failed firm Tailormade, which advised on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin and was a major distributor of Harlequin investments.

Tailormade, which advised on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin and was a major distributor of Harlequin investments, is entering liquidation because it can't finance redress payments to clients....

Troubled overseas property group Harlequin has agreed an "in principle" deal with a law firm representing investors to move their investments into a secure trust.

The son of troubled overseas property company Harlequin's chairman has been disqualified from being a company director for 13 years.

Harlequin, the property investment group engaged in the development of luxury overseas resorts, has won a court case against a former contractor it said had misappropriated money meant for property development.

The assets pension savers are allowed to invest in should be restricted and authorised, to avoid any further scandals like Harlequin, London & Colonial has warned.

Troubled overseas property company Harlequin is in "advanced discussions" with investors over its further funding and a company restructure, according to a law firm involved in the talks.

A survey of almost 300 Harlequin investors suggests up to 95% were not made aware of the risks of investing in the troubled overseas property company by their agents or advisers.

Harlequin Property, the UK-based overseas property sales agent which is at the centre of a Serious Fraud Office investigation, is owed £86m by its overseas development arms and related businesses.

The Financial Conduct Authority (FCA) is warning investors considering paying money to any of the companies in the Harlequin group "to do so with caution".