Another advice firm with SIPP complaints falls into FSCS

14 claims against it

Sophie King
The FSCS has declared CGFM Limited as failed or in "special administration."

The FSCS has declared CGFM Limited as failed or in "special administration."

The Financial Services Compensation Scheme (FSCS) has declared Devon-based adviser firm Chartergroup Financial Management (CGFM) in default following several SIPP-based complaints.

According to an update on the lifeboat fund's website, the firm failed - or went into ‘special administration' - on 24 January 2019 after determining it could not meet claims. The FSCS told Professional...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Your profession

SJP committed to helping its 'partners' become Net Zero by 2035.

SJP commits to 'climate positive' operations by 2025

Four climate targets

clock 22 October 2021 • 2 min read
A financial planning panel from PA360, chaired by NextWealth MD Heather Hopkins (right).

Watch: Highlights from PA360

PA's conference heads North on 8 December

Professional Adviser
clock 22 October 2021 • 1 min read
Quilter said potential candidates should "monitor business production and embedded client contact and sales strategy".

Quilter hunts for regional financial planning managers to monitor 'sales strategy'

'Sales management' a key responsibility

clock 20 October 2021 • 2 min read