All my working life I have contributed into whatever pension scheme was available to me through my employer thereby taking advantage of employer contributions on top of my own. Then a little over 5 years ago I was engaged by an IFA who came highly recommended through a number of personal recommendations. However, after following advice given and making recommended investments things started to unravel. The main investment turned out to be a scam and the next biggest investment in Verdant Australian Farmland turns out to be semi-barren drought plagued land returning a total of Aus $240 over the 5 years I've had it - I'd have got a better return leaving the money in a current account.
Mentally I've written off this loss of over £80k, but at the same time I've engaged a legal team to seek compensation or recover whatever monies they can. There are no promises and my hopes are on the pessimistic side of reality and reality is that I will be doing well if I recover 50% of that figure.
Meanwhile, I am still enjoying my driving job with University of Derby, the free time it allows me, the income it provides (not what I've been used to but keeps me off the homeless list) and the opportunities that not working 9am - 5pm provides.
