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<p>The Government are aware of the allegations of fraud made against the German Property
Group (GPG), formerly known as the Dolphin Trust.</p><p> </p><p>The Financial Conduct
Authority (FCA) are working closely with financial advisers who have advised customers
to make these investments and operators of Self Invested Personal Pensions (SIPPs)
whose customers currently hold investments with GPG.</p><p> </p><p>The FCA have published
a joint statement with the Financial Services Compensation Scheme and the Financial
Ombudsman Service. The statement sets out what UK consumers should do if they invested
in GPG via an FCA authorised firm, either a financial adviser firm or a SIPP operator,
and they believe they were mis-sold. It can be accessed on the FCA’s website.</p><p>
</p><p>Companies under the German Property Group are incorporated in Germany and have
never been authorised by the FCA. However, consumers should be assured that the FCA
are working closely with all relevant external stakeholders on this matter and will
share any further updates as and when they are able to.</p>
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