Insolvency

Bigbobbie

I’ve had a private pension since 2014 transferring my army pension and another private pension into this in about 2017 the dolphins German property group went into liquidation and I lost a lot of money however at this time I was 55 and have been told I should have been removed from high risk investments I still have my pension but with a very small amount of money the firm was taken to court in Germany and I received a letter with a six figure amount stating my investment value the case was successful in 2022 but to this day I have not received a penny have tried several solicitors with no joy any advice would be welcome thanks

jimjames

Who was the private pension with and what were you invested in? Did you choose the investments?

caprikid1

Have you made a claim ?

German Property Group (GPG) companies enter preliminary bankruptcy proceedings | FCA

What did the solicitors say ?

Is the advising firm still active ? 

QrizB

There's a 14-page thread about Dolphin Trust / German Property Group here:

https://forums.moneysavingexpert.com/discussion/4547063/sipp-investment-in-property/p1

Bigbobbie said:

I’ve had a private pension since 2014 transferring my army pension and another private pension into this in about 2017

Did you seek regulated financial advice at that time? Is the advice form still trading?

Bigbobbie

Private pension is with Harbour Pensions did not get any personal advice on this investment was not involved with investments the solicitors have said because I took out the pension in 2014 they could do nothing but I can’t believe that’s it so seeking any advice I can

QrizB

Bigbobbie said:

Private pension is with Harbour Pensions did not get any personal advice on this investment was not involved with investments 

If your pension provider had no involvement with your choice to invest with Dolphin / GPG, then how did you end up choosing this investment?

As mentioned above, per this article:

https://www.fca.org.uk/news/statements/gpg-companies-preliminary-bankruptcy-proceedings

... you can register your claim with the German administrators BBL and potentially make a miss-selling claim to the Ombudsman or FSCS.