Dozens of veterans were left out of pocket after being urged to switch safe pensions to riskier funds by a firm Michelle Mone ’s husband’s business owned.
One 54-year-old who fought in Iraq lost £168,000 when he moved money from his final salary Army scheme to Financial Provisions Solutions, which later closed. But he could only claim £85,000 back.
FPS is majority owned by Doug Barrowman’s Isle of Man business Knox Ltd. He and Tory peer Mone are under fire over the £200million PPE Medpro scandal, first exposed by the Mirror.
