The Financial Services Compensation Scheme has placed Charterhouse (Chester) Ltd in default.
The firm, which trades as Charthouse Asset Management, failed with the FSCS today (November 12).
The lifeboat scheme has received 16 claims against the firm to date, with one claim upheld which triggered the default.
Nine claims have been rejected and a further six are still in progress.
One of the claims related to pension transfer advice, while the others were for Sipp advice.
According to the FCA register, the firm stopped being registered with the FCA as an appointed representative of an authorised firm in December 2010.
Its principal firms were listed as Berkeley Independent Advisers until March 2006 and TenetConnect until December 2010.
amy.austin@ft.com
