Professional Adviser quotes Informed Choice managing director Martin Bamford saying that advisers “should be quite worried” about the financial impact of any new claims. Lawyers representing Harlequin investors estimated the saga would cost the financial services industry £120m.
Chapters Financial chartered financial planner Keith Churchouse said: “It always comes down to … due diligence and experience, it is important advisers take the opportunity to do due diligence. It doesn’t matter what the investment is in, it has to stack up and be reviewed -that’s our job.”
As ever, AssetQ is here to help advisers review the investments they recommend. Please contact us to findout how AssetQ can help.
To read the full Professional Adviser article, select the link: https://www.professionaladviser.com/professional-adviser/news/3016755/advisers-should-be-worried-about-latest-fscs-decision-on-harlequin?im_edp=sigmacity.com&im_company=SIGMACITY