Expat adviser traps couple's £380k pension in risky schemes

Michael Jarrett advertises himself on his website as a Malaga-based independent financial adviser. But the Spanish financial regulator, which requires all authorised advisers in the country to register with it, has no record of Jarrett or his firm Regency Asset Protection. For ten years Jarrett ignored the couple's cautious attitude to risk, they said, and switched their relatively safe investments into a series of high risk schemes, from second hand life policies, to recycling and renewables facilities and Brazilian teak tree farms. While he pocketed thousands of pounds in commission...