Briggs Murray Wealth
Briggs Murray Financial Planning and Wealth Management Ltd, more commonly known as Briggs Murray Wealth, was a financial advice firm based in West Yorkshire. The firm has been linked to the British Steel Pension Scheme (BSPS) transfer scandal and is one of several firms found to have provided unsuitable advice to steelworkers during a crucial period of pension restructuring.
The company was officially dissolved in October 2021. On 26 April 2023, it was declared in default by the Financial Services Compensation Scheme (FSCS), making it the twenty fifth firm associated with the BSPS to reach this point. To date, fourteen claims have been made against the firm, although no compensation has yet been paid.
The British Steel Pension Scheme Case
In 2017, members of the British Steel Pension Scheme were asked to decide whether to remain in the restructured scheme or transfer their benefits into a private pension. Around eight thousand members chose to transfer, with a total value of approximately £2.8 billion.
Many who transferred out of the scheme were later found to have received advice that was not in their best interests. By moving into private pension arrangements, they gave up the guaranteed benefits built up in the BSPS — often without fully understanding what they stood to lose.
The Financial Conduct Authority (FCA) later intervened and launched a review of the advice given during this period. As a result, a number of financial advice firms ceased offering pension transfer services, while others closed down completely.
The FCA Redress Scheme
The FCA has confirmed it is proceeding with a redress scheme for former BSPS members who transferred out between 26 May 2016 and 29 March 2018. The scheme will apply to 343 advice firms, and the FCA has estimated that around forty firms may become insolvent as a result.
It is expected that approximately 1,400 steelworkers will receive redress totalling over £71 million. If you transferred your pension out of the British Steel Pension Scheme during the affected period, you may be eligible to claim compensation.
Next Steps
If you were advised by Briggs Murray Wealth, or any other firm involved in BSPS transfers, it is important to review the advice you received. Even if no losses appear obvious, there could still be grounds for redress.
We offer a free 30 minute consultation with one of our legal specialists — available online, by phone or video call. We work on a no win, no fee basis and can help assess whether the advice you received was appropriate.
Company background (public record)
The company was incorporated at Companies House on 25 October 2016 under company number 10445786. Its status at Companies House is recorded as dissolved.
Registered office: Southgate Business Centre, 32 Gillygate, Pontefract, West Yorkshire, WF8 1PQ, England.
Nature of business (SIC): 64999.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 25 Oct 2016 | Company incorporated | Companies House |
| 25 Oct 2016 | Robert David Briggs appointed director | Companies House |
| 25 Oct 2016 | Robin Lawrie appointed director | Companies House |
| 01 Feb 2017 | Robin Lawrie resigned as director | Companies House |
| 14 Feb 2017 | Matt Wagener appointed director | Companies House |
| 22 May 2017 | Robert David Briggs approved by the FCA at the firm | FCA Register |
| 22 May 2017 | Matthew David Wagener approved by the FCA at the firm | FCA Register |
| 23 Oct 2017 | Nathan Murray appointed director | Companies House |
| 27 Oct 2017 | Nathan Murray resigned as director | Companies House |
| 06 Mar 2018 | Darren Wood approved by the FCA at the firm | FCA Register |
| 31 Jul 2018 | Matt Wagener resigned as director | Companies House |
| 28 Aug 2019 | Nathan Phillip Murray appointed director | Companies House |
| 28 Aug 2019 | Nathan Murray approved by the FCA at the firm | FCA Register |
| 26 Jul 2021 | FCA status recorded as: No longer authorised | FCA Register |
| 19 Oct 2021 | Company dissolved | Companies House |
| 26 Apr 2022 | Declared in default by the FSCS | FSCS |
Who was involved?
The following individuals are listed on public records in connection with the firm. These are matters of public record only and their inclusion does not imply any wrongdoing by any named person.
- Robert David Briggs. Listed on the FCA Register as having held CF30 Customer (31/10/2018 to 08/12/2019), CF1 Director (22/05/2017 to 08/12/2019), SMF3 Executive Director (09/12/2019 to 26/07/2021), CF11 Money Laundering Reporting (22/05/2017 to 28/08/2019) at the firm.
- Nathan Murray. Listed on the FCA Register as having held CF11 Money Laundering Reporting (28/08/2019 to 08/12/2019), CF10 Compliance Oversight (28/08/2019 to 08/12/2019), CF1 Director (28/08/2019 to 08/12/2019), SMF17 Money Laundering Reporting Officer (MLRO) (09/12/2019 to 26/07/2021) at the firm.
- Darren Wood. Listed on the FCA Register as having held CF30 Customer (06/03/2018 to 08/12/2019), CF29 Significant management (31/08/2018 to 08/12/2019), Responsible for Insurance Mediation (31/08/2018 to 30/09/2018), Responsible for Insurance Distribution (01/10/2018 to 31/07/2020) at the firm.
- Matthew David Wagener. Listed on the FCA Register as having held Responsible for Insurance Mediation (22/05/2017 to 31/07/2018), CF30 Customer (22/05/2017 to 31/07/2018), CF1 Director (22/05/2017 to 31/07/2018) at the firm.
- Nathan Phillip Murray. Listed at Companies House as director (appointed 2019-08-28).
- Robin Lawrie. Listed at Companies House as director (appointed 2016-10-25, resigned 2017-02-01).
- Matt Wagener. Listed at Companies House as director (appointed 2017-02-14, resigned 2018-07-31).
Review page sources: FCA Register (FRN 773229) · Companies House (10445786) · FSCS. Public records, provided for transparency.
