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You and Yours: I've Lost My Pension Pot - It's Somewhere in Germany

26/11/2020

I've Lost My Pension Pot - It's Somewhere in Germany

BBC Radio 4 - You and Yours, I've Lost My Pension Pot - It's Somewhere in Germany

I've Lost My Pension Pot - It's Somewhere in Germany.

Millions of pounds of investors' pension savings haven’t  been returned by a German property company that was promising to keep them safe.

A You & Yours investigation can reveal that mlllions of pounds of investors' pension savings haven’t  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’t develop enough of them to pay the loans back.

The firm has now collapsed owing an estimated £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. 

Presented by Shari Vahl
Produced by Beatrice Pickup

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