Michelle Mone Manchester Ireland Iraq Isle Of Man county Knox reports Provident Company Michelle Mone Manchester Ireland Iraq Isle Of Man county Knox

Michelle Mone's husband's company loses thousands from veteran's pensions

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dailyrecord.co.uk

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.

The Financial Service ­Compensation Scheme has upheld 43 complaints against FPS, handing out £2.9million in ­compensation, with £85,000 being the maximum individual payout.

Read more on dailyrecord.co.uk
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