Advice firm declared failed by FSCS over SIPP advice

One claim upheld so far against Charthouse Asset Management

Isabel Baxter
clock • 1 min read

Charterhouse (Chester) Limited, trading as Charthouse Asset Management, has been declared failed by the Financial Services Compensation Scheme (FSCS) over pensions advice.

The FSCS confirmed to PA that one complaint has been upheld, leading to the default declaration, whilst nine have been rejected and six are in progress. This upheld complaint was for self-invested personal pension (SIPP) advice, while the others were pension transfer advice related. According to the Financial Conduct Authority register, the Whitchurch-based firm was first registered in April 2003 however it has no longer been authorised since December 2010. Companies House indicates that the firm was incorporated in June 1998 and dissolved in July 2014. This latest update by the FSCS ...

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