Welcome to the Dolphin Trust related claims guide. If you lent money to Dolphin Trust – now called German Property Group (GPG) – you could be owed compensation.
So, if you feel you were given negligent or dishonest advice by a financial advisor, read on to find out more about the company or request a free, no-obligation call back now to see if you can make a claim.Get Started Now
Dolphin Trust were a German property group that borrowed up to £600 million by convincing UK pension holders to invest in derelict buildings, so the company could develop them later on.
Why did the this seem such a lucrative proposition for UK residents? Well, since the fall of the Berlin Wall, the German Government has offered large tax breaks and incentives to those Germans interested in developing listed buildings.
At the time, Dolphin Trust, through agents and financial advisers, persuaded possible investors that their money would be safeguarded by the ‘First Legal Charge,’ a document similar to a mortgage which entitles the investor to a full refund from the borrower should they fail to repay.
According to a recent BBC investigation, many UK residents were persuaded to lend their life savings to this unregulated German Property scheme for up to five years by salesmen who, at the time, were working for separate companies. Some even earned up to 20% commission for their negligent advice.
In short, because the Dolphin Trust scheme was not regulated by the Financial Conduct Authority here in the UK, and is a high-risk investment, many people’s life savings have been put at risk.
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Here at Spencer Churchill Claims Advice, we have experience in mis-sold pensions, and have claimed money for our clients on a *No Win – No Fee basis against the advice of negligent financial advisors.
To that end, one of our friendly experts could help you make a claim.Speak with a Claims Handler
Quite possibly, yes. In fact, several financial advisors as well as the Financial Services Compensation Scheme (FSCS) have already paid out compensation to those who were mis-sold.
You could be owed compensation if you:
If any of these reflect your circumstances, then you may have been mis-sold.Get Started Now
Because Dolphin Trust was a high-risk and unregulated investment, the risk should have been made clear to potential investors – especially if they stood to lose their pension. The advisor should also have ensured the client had enough investment experience and money to undertake the risk.
Unfortunately, many advisers failed to perform their due diligence on the investment and their clients, leading to many mis-sold Dolphin Trust pensions.
To that end, if you suspect you may have been given careless advice to transfer your pension, or feel the advisor failed to make you aware of all of the potential pitfalls, we’d like to hear from you.
This depends. Some claims could take as much as a few months, while others could last years. To get a better idea of how long your claim could take to come through, get in touch with one of friendly advisor today.
If you were advised to move your pension to a SIPP in order to invest in Dolphin Trust, you might be owed compensation.
If you’d prefer, you can make a direct claim to your provider, or the FOS. However, if your advisor is no longer in business, you might be able to get compensation from the FSCS.
To find out if you could make a claim, request a free no-obligation call back from one of our experts today.
Yes – Dolphin Trust now operates as German Property Group (GPG).