It was a surprise to find out that Harlequin has emailed investors because H Hotel has entered bankruptcy. The company has been silent since the company was ordered not to write to its clients any more.
What a nightmare for the investors and their families.
I am concerned that valid claims could be rejected after Heritage Pensions wrote to clients explaining that the Financial Services Compensation Scheme has stated that they do not need a representative such as a solicitor or a claims management firm.
The case against Carey Pension, currently going through the courts, could have huge effects on the SIPP market and lead to providers winding up their operations.
Discretionary Fund Managers (DFM) Full Circle Asset Management used to provide model portfolio discretionary investment services to clients.
The UK registered insolvency practitioner visited the Freedom Bay development in 2017 and confirmed that a loan was required to protect the value of the development.