Concerns over pension provider Harlequin values

A spokesman for Harlequin said: “Investors generally purchased an off-plan property interest in the Caribbean paying a 30 per cent deposit, with the balance payable in stage payments or on completion.

“Due to a multitude of well-publicised reasons, development has currently stalled at most resort sites in the Caribbean while Harlequin is restructuring its business.

“Harlequin continues to operate the Buccament Bay Resort, St Vincent & The Grenadines, and blu Hotel, St Lucia, where property investments are in the process of being delivered to existing Harlequin investors.”