Manita Khuller will represent herself in court on Monday 18 November when she takes on FNB International, which she claims is responsible for the loss of her £330,000 ($430,921, €386,574) pension pot.
The case will reportedly be the first of its kind.
Mis-advised and unregulated
Khuller says that it was while she was temporarily living in Thailand that she was “mis-advised” to transfer her pension savings into an HM Revenue & Customs-registered qualifying recognised overseas pension scheme (Qrops).
The trustee of which was FNB International, Guernsey.
She will seek to prove that the firm, a subsidiary or South Africa-based First National Bank, was responsible for the loss of her two final salary pensions.
Bad to worse
Her money was put into a Royal Skandia wrapper and invested in three funds, one of which was LM Investment Management – a property fund that turned out to be Ponzi scheme.
The other two funds are also understood to be unregulated.
She says she is unable to access what remains of her pension pot and cannot even establish how much is left.
Despite having no legal training, Khuller will represent herself as “no-one in Guernsey or the UK” will do so, she told International Adviser.
