Address
This firm has requirements or restrictions placed on the financial services activities that it can operate. Requirements or restrictions can include suspensions.
Better Retirement Group Ltd
Current Status: In Liquidation
Reference Number: 153420
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfGkJAAV
A firm with the status "No longer authorised" may have had its authorisation removed for a variety of reasons. This could include voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action taken by the FCA, failure to pay fees, or inactivity. To get more information about a firm's specific authorisation status and the reasons for any changes, it's important to consult the FCA Register or contact the FCA directly.
Reasons for non-compliance can 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 crime, data protection breaches, and inadequate capital or liquidity. By implementing the necessary measures to identify and mitigate these risks, firms can ensure compliance with relevant regulations.
The UK Financial Conduct Authority (FCA) has taken various steps to address mis-selling in the UK, including enforcement actions, compensation schemes and new regulations. Examples of mis-selling in the past include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages and pension mis-selling. These cases illustrate the need for effective regulatory frameworks and ongoing oversight to protect consumers and ensure fair treatment in the financial services industry. Despite the FCA's efforts, the risk of mis-selling is still a concern and requires both regulators and industry players to remain vigilant.
Consumers who believe they have been mis-sold a financial product or service should contact the firm that sold it to them and begin the process of seeking compensation. If you have been mis-sold a financial product or service in the UK, you may be eligible for compensation. The process generally involves contacting the firm that sold the product or service to make a formal complaint, followed by an investigation and response from the firm. If the complaint is rejected or the response is unsatisfactory, the case can be escalated to the Financial Ombudsman Service (FOS) for an independent review. In cases where the firm is no longer in business or has been declared in default, consumers can file a claim with the Financial Services Compensation Scheme (FSCS). It is important to act promptly as there may be time limits for submitting claims and to seek independent financial or legal advice when necessary.