Maybe you should now consider making a pension claim for compensation, as your losses have finally been crystallised.
And while you have been worried about your investment and its returns, the people involved have already been busy setting up new businesses.
Instead of concentrating on putting things right for their existing clients – they are setting up new businesses to enhance their cashflow, leaving future clients open to the same loss!
The newest addition is Grounds Investments PLC
Grounds Investments is offering unregulated loan notes and IFISAs paying 3% per year for a 2-year investment or 7% per year for a 5-year investment. Does this remind you of Dolphin’s start up?
By reducing the interest payments to 3% – 7% it no longer sounds too good to be true!
The company aims to raise money for investment in German property. However, it comes as no surprise that Christopher Moss, who is the sole owner and one of two directors of that company is not named on the Grounds Investments plc website.
It may not be obvious but there are links to Dolphin Trust.
He was the director of a Dolphin Trust subsidiary, Dolphin SPV 1 Limited, until shortly after Grounds Investments PLC was incorporated.
Links are also evident between Grounds Real Estate Development AG and Red Rock Wealth Management Limited. A director on companies’ house was, until recently, Charles Smethurst.
None of these companies are authorised or regulated.
These investments are wholly unsuitable for the standard investor, and if you invest cash or via a SSAS you may lose 100% of your investment!
Get claims advice now. If you believe you were missold your SIPP investment, have received unsuitable advice to transfer your pension, or simply don’t understand what your options are, our case managers are here to explain the issues and processes in plain English.
We offer a pension claim consulting service and you can have a no obligation conversation with our pension claims experts.
In contrast to other firms we don’t buy data or cold call – we only act on instruction and offer a bespoke case management service.
That means you won’t be bumped from one person to the other – your case manager will know exactly what you need. Talk to us today.