I've Lost My Pension Pot - It's Somewhere in Germany
Millions of pounds of investors' pension savings haven鈥檛 been returned by a German property company that was promising to keep them safe.
A You & Yours investigation can reveal that millions of pounds of investors' pension savings haven鈥檛 been returned by a German property company that was promising to keep them safe.
Dolphin, now known as German Property Group, promised huge returns and their original capital back, if investors lent their money for up to 5 years.
Dolphin would use the money to buy derelict listed buildings across Germany, do them up into flats and sell them to German buyers. Whilst Dolphin did use investor money to buy some buildings, it didn鈥檛 develop enough of them to pay the loans back.
The firm has now collapsed owing an estimated 拢1 billion to investors all over the world.
Thousands of UK investors have not received their pension savings back.
You & Yours reporter Shari Vahl is investigating where the money went.
She can reveal that only a fraction of the money invested by individuals in the UK, Ireland, Singapore, Korea and other countries was spent on German property.
This programme was originally broadcast on 28th December 2020.
Presented by Shari Vahl
Produced by Beatrice Pickup
Last on
Broadcasts
- Mon 28 Dec 2020 12:18麻豆社 Radio 4
- Fri 17 Sep 2021 12:18麻豆社 Radio 4
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