DOLPHIN CAPITAL
Some investors in Dolphin Capital have received contact from individuals claiming to be acting on their behalf, stating that they can return their original deposit. This is being done to facilitate the closure of their self-invested pension plan (SIPP) so that they can move all of the assets into a small self-administered pension scheme (SSAS). Many of Dolphin Capital’s clients have also been presented with the option of buying shares in a company known as Vordere.
It is vitally important that you do not move any of your funds prior to talking with us or with a fully regulated financial advisor. This is because your investment could be at risk if you were to move your funds.
There have been pension investments that were arranged by fully regulated financial advisors but then were introduced by a third party who are not regulated. This includes the likes of Build your Wealth Ltd, 1 Stop Financial Services, The Mortgage Shop Limited, and Investaco to name just a few.
Some financial advisers follow the practice of leaving the environment where they are regulated to set up a new business under a different name, but do not tell their customers and clients that they are then no longer legally able to offer financial advice.
Unregulated Investment
Although there is no scam involving Dolphin Capital, the investment is a high-risk and unregulated one, meaning that it should not be promoted to any type of client – especially those that cannot afford to lose all of the funds in their pension.
The company provided both two and five-year options for the purpose of investing in listed buildings throughout parts of Germany.
Investors are given the option of either receiving an income or allowing their funds to grow in size. Fixed returns of anywhere between 10% and 12% were offered to investors. Accordingly, a Dolphin Capital trust loan note is issued.
At first, things looked good, with investors receiving a quarterly income. However, many investors failed to notice that they did not receive their funds on time when examining their self-invested pension plan (SIPP) annual statement.
Most investors only really began to worry when the initial five-year term expired, and they realisation that the company has not returned the deposit nor had it guaranteed the interest.
Small Self-Administered Scheme Pensions
It is at this point that Dolphin Capital provided investors with an opportunity to invest elsewhere and so removing the chance of complaints arising. This also took investors over six years from the initial purchase threshold meaning that their case would be dismissed based on the time-barring rules.
High-pressure sales tactics, such as home visits, are used by Dolphin Capital in order to convince investors to move their personal pension into a small self-administered scheme (SASS) pension. These are financial products that are completely unregulated and are typically provided by companies that are not regulated themselves by the Financial Conduct Authority (FCA). As a result, investors are left without a way of being able to get back any losses. This is something that is, of course, not mentioned during the sales pitch.
During the sales pitch, it is explained how there is a need to open up a new SASS pension with them and that they will complete all of the required paperwork to do so. However, they do not let on that they ate unregulated and so should not be giving advice relating to investments or the switching of pensions.
It has been discovered that Dolphin Capital recommended to investors that they think about lasting powers of attorney documents or updating their will in order to protect their personal health. Doing this makes investors feel as if they are safe and secure financially, as it appears to them that the sales agents involved hold all of the required qualifications to be able to deal with their affairs.
Assess Your Investment
Anyone who has invested should have their original transaction looked at by an expert prior to agreeing to partake in any other sort of new deal with Dolphin Capital.
If it is found the be the case that they did not follow all of the necessary regulations and rules then you will likely be entitled to some level of financial compensation.
However, it is important to be aware that time limitations are in place, which is why you must act quickly.
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
Here are previous PDF examples of Dolphin Capital Promo material
Flyer – Dolphin Bond III
Flyer – Dolphin Bond II
Flyer – Dolphin Bond I
