Gerard Associates

Did you receive advice from Gerard Associates? Investors face losing thousands of pounds from their pensions due to poor pensions advice. Are you one of these people?   

Gerard Associates were a financial advice firm established in 2006 and based in Bristol.

Several complaints were made to the Financial Ombudsman by clients concerning the advice Gerard Associates had given them to transfer their occupational pensions.

Unregulated Introducers

In two cases upheld by the FOS both clients were contacted by First Review Pension – an unregulated introducer company – before being passed on to Gerard Associates.

First Pension Review also have connections to  The Resort Group – a high risk unregulated investment in luxury resorts in Cape Verde. The Resort Group were the subject of a Panorama “Rip-off Pensions” documentary in 2016.

Other cases that were also upheld against Gerard Associates involved Viva Costa International – another unregulated introducer.

London Quantum Retirement Benefit Scheme

In 2016 The Pension Regulator revealed details of its investigation into London Quantum Retirement Benefit Scheme. The scheme attracted concern that it was being used for pension liberation and putting members at risk with risky and illiquid investments.

According to reports £5.8m of pension funds had been placed in the scheme which had nine different investments. These investments included The Resort Group and Best International Car Parks in Dubai both of which are high-risk and unregulated.

In the report the then trustees of the scheme – QIMS told the regulator that Gerard Associates were responsible for finding and liaising with introducer firms. They also as provided documents to members to say they were self-certified “sophisticated investors”

What is a sophisticated investor?

High-risk, unregulated investments like these are usually only promoted to people with a high net worth or who are sophisticated investors. That means they have some knowledge or experience of high-risk investment and accept the responsibility they could lose money.

Unfortunately, in the case of LQRBS it seems many investors who weren’t sophisticated signed these declarations anyway.


Optimus Retirement Benefit Scheme

Gerard Associated also advised clients into Optimus Retirement Benefit Scheme. This was a QROPS scheme based in Malta and run by Integrated Capabilities.

Strategic Wealth (who traded as Gibro Wealth) were also involved in advising people to transfer into their pensions into this now defunct scheme.

What’s the latest on Gerard Associates

Gerard Associates are currently in liquidation. In 2019 they were declared in default by the FSCS, who are now accepting claims against the company.

How does mis-sold pension advice happen?

Mis-sold pension advice can come about as a result of many different factors. Sometimes it’s poor or negligent advice by a financial adviser to move your pension. In other cases, the risks involved with the investments are downplayed or the client’s attitude to risk has not been accurately reflected in the choice of investment.

Worried about your mis-sold pension?

If you are worried you may have been affected by pension mis-selling – we may be able to help.

We offer a free initial assessment to see if you may have been mis-sold. It’s simply a brief chat with one of our trained assessors.

Whilst 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 case.

Key Facts

Gerard Associated advised clients into Optimus Retirement Benefit Scheme
In 2019 Gerard Associates were declared in default by the FSCS, who are now accepting claims against the company

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Robert Pemberton
Antony Stroud
Excellent company, would definitely use again, they never gave up
Junior Geener
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
Keith Wilkins
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
Excellent service. Great result.
michael dixon
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
Important Information!

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.