Financial Advisers that mis-sold PCP investments

PCP Claims against car manufacturers

A number of manufacturers were active in selling cars and other vehicles through PCP and HP finance plans.

If you purchased a vehicle using PCP or HP finance with any of these manufacturers before 28 January 2021, then you could be eligible to claim for a refund if your claim is successful.

These manufacturers provided PCP financing plans using Discretionary Commission Arrangements (DCAs), which have been banned by the Financial Conduct Authority (FCA) since January 2021.

A list of these manufacturers include:

Archer Wealth Management

Archer Wealth Management operated in the Manchester area between June 2010 and July 2015.

Avacade Limited

Avacade, an unregulated introducer carried out regulated activities without FCA authorisation.

Bank House Investment Management Ltd

FCA stated they had not conducted affairs in an appropriate manner in regard to the interests of consumers.

BlueInfinitas

In liquidation, the FSCS has paid out more than £3 million with more than 160 claims against this firm being registered.

Cherish Wealth Management

Cherish Wealth was a relatively small Birmingham firm has generated a huge amount of cases since its liquidation in 2016.

Cumulus Investment Management

They were dissolved in June 2017. Based in Cardiff they dealt predominantly with the Ukrainian Property Fund.

Grosvenor Butterworth

This firm was based in Cardiff, but has ceased trading recently following an FCA investigation into its trading practices.

HBFS Financial Services Limited

Based in Hertfordshire, this firm recently became subject to police investigation as well as on-going FCA investigations.

Topps Rogers Financial Management

Given a ban & fined £117,330 in October 2012 for advising 94 clients to invest in unregulated investment schemes between 2006 & 2010.

Douglas Baillie Limited

Several complaints were upheld by the FOS against them many relating to questionable investments.

Foreman Financial Services Ltd

Also known as Grainger Co Financial Services the firm is now no longer authorised by the FCA as of late Oct 2017.

Greyfriars Asset Management LLP

If you took out anything relating to their DFM portfolio (or “portfolio 6” by the firm itself) you may be entitled to compensation.

Moneywise Financial Advisors

This firm was declared in default by the FSCS in October 2016 following restrictions being placed on it originally and led to liquidation.

Turnberry Wealth Management

This firm entered liquidation in March 2015, and has been subject to several rulings from the FOS with the director also been subject to scrutiny.

1 Stop Financial Services

1 Stop Financial Services advised nearly 2,000 customers on switching their existing pensions into SIPPs.

TailorMade Independent

TailorMade Independent Ltd (TMI) Director was banned from senior positions and fined £165,900 by the Financial Conduct Authority (FCA).

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