Archer Bramley Limited IFA Has Entered Liquidation
Archer Bramley Limited, an IFA located in Nottingham, is a company that theYEC specialist case handlers happen to be very familiar with. We’ve frequently analyzed the SIPP pension advice they’ve provided clients, and in some cases, have sought financial compensation.
A few years back, Archer Bramley received media coverage and heavy criticism from their clients. Because they were unable to pay out claims, the FSCS declared the IFA in default. They entered into liquidation in December of 2014.
Of course, not all of Archer Bramley Limited clients have kept up with the news. What does this mean? What should you be aware of? This news could have an impact on your pension.
SIPPs, Pensions, and High-Risk Investments
GCA’s team has overseen quite a few cases where financial advisers like Archer Bramley Limited transferred their client’s investments into SIPPS consisting of high-risk investments. In many cases, these investments aren’t regulated by the FCA, which means clients have no compensation if there’s an issue. In many cases, the investments aren’t suitable for a client, and the advice is classified as negligent.
Mis-Selling Non-Standard Investments
The investments below are classified as non-standard and high-risk. In most cases, investments like this are not regulated. You should be wary if Archer Bramley transferred your SIPP pension into something like this.
- Cape Verde Hotels
- CFDs (Contracts for Difference)
- Forestry Schemes
- Rare stones or metals
- Storage Pods
If your pension was transferred into one of these investments, it would be wise for you to investigate a claim. These types of investments are only suitable for experienced investors or investors earning more than £100k per year. Investors that don’t fall into these categories should not be exposed to these levels of risk.
It’s also important to be wary if you worked with Wallwood Independent Limited. This company served as an appointed representative for Archer Bramley Limited. Working with them may have led you to work with Archer Bramley via proxy.
How to Investigate the Pension Advice You Received and File a Claim
It should be easy for you to figure out whether or not Archer Bramley gave you sound advice. Take a look at how your pensions are currently performing. Even if your pensions are currently doing well, any investments in unregulated shares are still classified as high-risk. If you weren’t warned about the risk level of these investments, you may have a claim.