FSCS contacts clients of major Harlequin distributor

The Financial Services Compensation Scheme (FSCS) has begun contacting clients of failed firm Tailormade, which was a major distributor of troubled overseas property company Harlequin Property.

Tailormade, which has an IFA arm, an alternative investment business and a self-invested personal pension (SIPP) arm, called in liquidators RSM Tenon in September because it could not finance redress payments to unhappy clients. The FSCS said it is continuing its work to establish the extent to which it may be able to compensate customers of the company. As part of this work, it has sent application forms to a small number of customers. According to a statement from RSM Tenon in September, Tailormade ceased taking on all new business as of 20 January and began to conduct a review o...