Dozens of veterans were left out of pocket after being urged to switch safe pensions to riskier funds by a firm owned by Michelle Mone’s husband.
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 back £85,000. 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.
