Pensions Authority seeks removal of Dolphin Trust investment trustee

State’s pensions watchdog has lodged proceedings with the High Court seeking the removal of Wealth Options Trustees

9th June, 2021
Pensions Authority seeks removal of Dolphin Trust investment trustee
The corporate headquarters of German Property Group, formerly called Dolphin Trust, which filed for bankruptcy last July, leaving more than 1,800 small-time Irish investors fearing they will never see their money returned. Picture: Getty

The Pensions Authority has lodged proceedings with the High Court seeking the removal of the trustee company that managed the bust Dolphin investment where thousands of Irish people have lost money.

The state’s pensions watchdog is seeking the removal of Wealth Options Trustees Limited (WOTL) as the trustee of the Dolphin Trust investment in Ireland under powers afforded to it by the Pensions Act 1990, several sources said.

WOTL oversaw the Dolphin Trust investment...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Barristers earn a ‘ridiculous’ €25 a day to appear at court

Legal Rosanna Cooney 1 day ago

Lawyer tells court three of Davy 16 were ‘never members’ of O’Connell Partnership

Legal Lorcan Allen 2 days ago

Pension trustee firm pursues Europa’s Baillie over €4.5m in lost investments

Legal Róisín Burke 2 days ago

US investors claim that food firm Strong Roots will ‘run out of cash’ by next year

Legal Rosanna Cooney 2 days ago