Address
The firm has not confirmed its firm details in the last 12 months. We are addressing this with the firm.
Bartholomew Financial Limited
Current Status: In Liquidation
Reference Number: 596038
Website: www.bartholomewifa.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000NMktaAAD
A firm that is no longer authorised by the Financial Conduct Authority (FCA) may have had its authorisation removed for a number of reasons, such as voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action taken by the FCA, failure to pay required fees, or inactivity. To get more information about a particular firm's authorisation status and the reasons for any changes, it is important to check the FCA register or contact the FCA directly.
Reasons for non-compliance may include inadequate systems and controls, poor governance, insufficient staff training, misleading or inaccurate disclosures, conflicts of interest, breaches of conduct rules, inadequate client protections, financial crimes, data protection breaches, and inadequate capital or liquidity. Companies should take steps to ensure that all applicable regulations are being adhered to and that employees have the knowledge and resources needed to comply.
The UK financial services industry has seen numerous high-profile cases of financial mis-selling, including Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. These cases demonstrate the dire need for more robust regulatory frameworks and greater oversight from the Financial Conduct Authority (FCA) in order to protect consumers and ensure fair treatment. The FCA has taken steps to address mis-selling, such as enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Nevertheless, the risk of mis-selling persists, and it is essential that both regulators and the industry remain vigilant in order to prevent such practices.
If you believe you've been mis-sold a financial product or service in the UK, contact the firm that sold it to you and file a formal complaint. If they reject your claim or you're not satisfied with their response, you may be able to escalate the issue to the Financial Ombudsman Service. If the firm is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme. It's important to act quickly, and you may want to seek independent financial or legal advice.