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
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.