Pensions Ombudsman UKDec 3 2024

Man who lost £50k in high-risk investment has complaint upheld

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Man who lost £50k in high-risk investment has complaint upheld
© Dan Hutchinson/PexelsThe ombudsman said there should have been more oversight of Mr N’s high-risk Cape Verde hotel investment.

Rowanmoor Trustees Limited must pay out £1,000 and reinstate up to £46,000 to a man who lost his pension fund after a high-risk investment in a Cape Verde hotel development.

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