Harlequin investment promised its investors high returns by building off-plan homes in the Caribbean, which could then be sold at a profit or rented out to holidaymakers.

However, out of a scheduled 6,000 properties, only a small number have been built. Harlequin has told investors that since its sales arm entered liquidation last October, it cannot return their deposits, despite clauses in some investors’ contracts saying that, if the properties had not been built by now-lapsed deadlines, they would be entitled to a full refund.

In recent years many investors have transferred their pension funds into unsuitable SIPPs or a Qualified Recognised Overseas Pension Scheme (‘QROPS’) and into high risk unregulated funds.

Most of those funds were invested into high-risk, complex and illiquid investments that were totally inappropriate and unsuitable resulting in the investment failing and being rendered worthless.

We can investigate whether your SIPP or QROPS  was mis-sold and if so we can act on your behalf in making a claim for compensation.

For the mis-selling to have taken place you would have moved your pension fund into a SIPP or QROPS and a regulated business such as an IFA (Independent Financial Adviser) or SIPP company would have been involved in the process.

Fortunately they are regulated by the FCA (Financial Conduct Authority) which obliges them to have professional indemnity insurance which will pay out in the event that the claim is successfully made.

Whilst many of the companies that sold SIPPs are no longer trading it is still possible to make a claim for compensation via the Financial Services Compensation Scheme up to a maximum limit of £50,000 .

DO I HAVE A CLAIM?

If you feel you have been mis-sold by Harlequin Property please contact us as soon as possible for no-obligation advice. This means that thousands of people who invested in Harlequin property, now have investments that are worthless.

You sold an investment without having properly been advised as to the risks

Your personal circumstances or attitude to risk were not properly considered

You were advised to invest all or most of your pension savings into a single investment

You are advised to transfer the pension when it was not necessary

You now understand that your investment has significantly reduced in value or is worthless

You were sold in esoteric, high risk investment

If any of the above do apply then you have been mis-sold an investment. Typical types of investments are set out below and we are currently acting for a large number of clients in prosecuting their claims.

PROFESSIONAL SERVICE

NO WIN, NO FEE

LOW FEES

29 YEARS OF EXPERIENCE

WHY CHOOSE MENDELSONS?

Many people have painstakingly saved up for their pension so they will have what to live off in their twilight years. Recently it has come to light that many pension schemes and financial advisers have mis-sold pension investments whether due to negligence  or otherwise.

call Steven Mendelson today, on  0161 241 1661 email us at  sjm@mendelsons.co.uk or complete our online enquiry form and we will call
you. We will then discuss your case with you and explain the next steps for you to take.