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 Adviser an administrator has not been appointed to CGFM as there are "no formal insolvency proceedings". Th...
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