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Berkeley Warburg Financial Planning Limited

Current Status: No longer authorised

Reference Number: 196427

Website: Not Listed

Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfIdoAAF


5 Cecil Street
C T 9 1 N X


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A firm that is no longer authorised by the Financial Conduct Authority (FCA) may have had its authorisation removed for a variety of reasons, such as: Voluntary cancellation: The firm may have requested the FCA to cancel its authorisation, often due to changes in the firm's business model, ceasing operations, or merging with another firm. Failure to meet regulatory requirements: The firm may have failed to meet ongoing regulatory requirements, such as capital adequacy, risk management, or governance standards, leading the FCA to revoke its authorisation. Non-compliance with rules and regulations: The firm may have been found to be non-compliant with FCA rules and regulations, either due to a specific incident or a pattern of misconduct, resulting in the revocation of its authorisation. Enforcement action: The FCA may have taken enforcement action against the firm for breaches of regulatory requirements or misconduct, which could lead to the revocation of authorisation as part of the penalty. Failure to pay fees: The firm may have failed to pay the required FCA fees, resulting in the cancellation of its authorisation. Inactivity: If the firm has been inactive for a certain period and has not provided regulated services, the FCA may cancel its authorisation. It is essential to check the FCA register or contact the FCA directly for more information regarding a particular firm's authorisation status and reasons for any changes.

These measures can help ensure that firms are meeting their obligations and protecting their customers. Non-compliance with rules and regulations can have a number of causes, 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. In order to avoid such issues, firms should foster a strong compliance culture, build effective governance structures, and deploy continuous monitoring and reporting systems. This way, they can ensure that they are meeting their responsibilities and safeguarding their clients.

The Financial Conduct Authority (FCA) has taken steps to mitigate financial mis-selling in the UK, with enforcement actions, compensation schemes, and new regulations to promote transparency and disclosure. Nevertheless, the potential for mis-selling remains an ongoing concern, especially in certain financial products and services. Examples of financial mis-selling include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. In some of these cases, such as PPI, the compensation paid to affected consumers has been in the billions of pounds. It is evident that robust regulatory frameworks and oversight by the FCA are necessary to protect consumers and ensure fair treatment in the financial services sector.

If you've been mis-sold a financial product or service in the UK, the best course of action is to contact the firm responsible and file a formal complaint. If the firm rejects your complaint or fails to adequately respond, you can 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, as there may be time limits for submitting claims. Additionally, you should consider seeking independent financial or legal advice to ensure you fully understand the process and your rights.

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