Address
35-37 Clarence Street
Staines
Middlesex
TW18 4SY
T W 1 8 4 S Y
UNITED KINGDOM
Ardent Insurance Services Ltd
Current Status: No longer authorised
Reference Number: 310969
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfPsjAAF
A firm with the status "No longer authorised" may have had its authorisation revoked for a number of reasons, such as voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. For more details on a specific firm, it is important to check the FCA register or contact the FCA directly.
There are various reasons that can lead to non-compliance, such as inadequate systems and controls, poor governance, insufficient staff training, misleading or inaccurate disclosures, conflicts of interest, breaches of conduct rules, inadequate client protections, financial crime, data protection breaches, and inadequate capital or liquidity. To ensure compliance, firms should put in place the necessary measures to identify and mitigate these risks.
The UK financial services industry has been plagued by financial mis-selling in the past, with numerous high-profile cases involving various products and services. Examples include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. These cases demonstrate the need for strong regulatory frameworks and oversight from the Financial Conduct Authority (FCA) to protect consumers and ensure fair treatment in the financial sector. The FCA has taken significant steps to address mis-selling, such as enforcement actions, compensation schemes, and new regulations to promote disclosure and transparency. However, the risk of mis-selling continues to be an issue and requires constant vigilance from both regulators and the industry.
Consumers who have been mis-sold a financial product or service in the UK may be eligible to claim compensation. The process typically involves contacting the firm, appealing to the Financial Ombudsman Service, and possibly filing a claim with the Financial Services Compensation Scheme. However, it's important to act quickly, as there may be time limits for submitting claims, and to consider seeking independent financial or legal advice.