'I was told it was as safe as houses': savers owed thousands as firm fails

Britons are out of pocket despite being told they would get double-digit returns from German companyIt was, according to her financial adviser at the time, “a real winner” and as safe as houses. So, almost seven years ago, Alison Moncrieff-Kelly invested £80,000 of her inheritance in a German property company.The firm, then called Dolphin Trust and now known as German Property Group (GPG), described itself as “master builders and monument experts” and “Germany’s market leader in redeveloping listed buildings”. Continue reading... https://www.theguardian.com/money/2021/feb/20/i-was-told-it-was-as-safe-as-houses-savers-owed-thousands-as-firm-fails #investments #money #consumer_affairs #property #uk_news #consumer_rights #financial_conduct_authority #business #regulators #germany #investing