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...

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