In 2015, Archer Wealth Management went into Liquidation and became de-authorised by the Financial Conduct Authority in 2016.
Overall, the unsuitable pension transfers involved high-risk investments in ventures such as Overseas Property and Store First Storage Pods.
As a result, claims have been made against them for the unsuitable advice they gave their clients regarding pension transfers into SIPPS.
Pension mis-selling often occurs as the result of unsuitable financial advice.
Advice can be deemed unsuitable if the adviser hasn’t made you aware of the risks involved or adequately checked whether the investments are right for you.
High risk investments, in particular, are only suitable for clients with the investment experience needed to manage their SIPP account and who are comfortable with that level of risk.
If you’re worried about the advice you’ve received, then you might be wise to get it checked.
We offer a free assessment to help establish if the advice you received was suitable or not, and if you have grounds to proceed with a claim for compensation.
While each case is individual, as mis-selling specialists, we know to look for certain signs that in our experience indicate that mis-selling may have happened.
Our assessment is free, and there’s absolutely no obligation to use our service if you have a case.
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.