Macclesfield IFA declared failed for pension transfer advice

FSCS has so far had one claim against Chestergate Financial Services

Isabel Baxter
clock • 1 min read

A financial advice firm in Macclesfield has been declared in default by the Financial Services Compensation Scheme (FSCS) for pension transfer advice.

The lifeboat fund confirmed Chestergate Financial Services has gone into default in a statement yesterday (14 May) with applications now opened for claims against it. It has told Professional Adviser that so far, it has had a single claim made against it for pension transfer advice which has been upheld. The firm was formerly known as Bradshaw Bennet Independent Financial Advisers between 2009 and 2011 but was rebranded after that. According to the Financial Conduct Authority register, it received authorisation in 2006 but the firm has not traded or conducted business since Decembe...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Aviva confirms cancellation of chunk of £450m preference shares

Aviva confirms cancellation of chunk of £450m preference shares

Trading of preference shares ceased at 8am on 15 May

Professional Adviser
clock 15 May 2025 • 2 min read
Aviva's wealth net flows fall in Q1 as workplace scheme income drops

Aviva's wealth net flows fall in Q1 as workplace scheme income drops

Outflows were offset by strong growth in its platform business

Sorin Dojan
clock 15 May 2025 • 1 min read
ZeroKey CEO on 'positively disrupting' the advice profession

ZeroKey CEO on 'positively disrupting' the advice profession

ZeroKey has now been live for eight months

Isabel Baxter
clock 14 May 2025 • 4 min read