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 ...

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

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Companies

Becketts acquires Ipswich-based Swallow Financial Planning

Becketts acquires Ipswich-based Swallow Financial Planning

Owner Andrew Swallow to retire

Isabel Baxter
clock 15 September 2025 • 1 min read
Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Acquires Lifetime Financial Management Intermediaries

Isabel Baxter
clock 11 September 2025 • 3 min read
Finli prepares 'sizable' acquisition as leadership transition gets underway

Finli prepares 'sizable' acquisition as leadership transition gets underway

Acquisition will bring in more younger advisers, Finli outgoing CDO says

Sahar Nazir
clock 11 September 2025 • 3 min read