Dolphin Trust SIPP claims
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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.
Let’s rewrite your financial story
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
What is Dolphin Trust?
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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Dolphin Trust complaints
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.
Can you claim for the mis-selling of my Dolphin Trust investments?
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 investments.
You could be owed compensation if you:
- Transferred your pension to a SIPP
- Invested in Dolphin Trust or other high risk investments
- Aren’t earning over £100k a year
- Aren’t a sophisticated investor
If any of these reflect your circumstances, then you may have been mis-sold.
Frequently asked questions
How Do I Know If I Was Mis-Sold An The Dolphin Trust Investment?
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.
How Long Will My Dolphin Trust Claim Take To Come Through?
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.
How Can I Get Compensation For A Mis-Sold Dolphin Trust Investment?
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.
Is Dolphin Trust Still Running?
Yes – Dolphin Trust now operates as German Property Group (GPG).
Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have you been a victim of financial mis-selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
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Spencer Churchill Claims Advice will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
With millions of mis-sold pensions reported, it’s worth finding out if you can get your money back. Here’s how our simple process works:
What types of claims do we handle?
Find out how much you could claim today
Ready to take the next step? We’re here with clear, no-pressure advice. Give us a call today to find out if you have a valid claim
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Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed