Address
4.42E+11
Cadogan Asset Management Limited
Current Status: No longer authorised
Reference Number: 749342
Website: www.cadoganam.com
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000003OZb42AAD
A firm with the status "No longer authorised" may have had its authorisation revoked for a variety 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. It is important to check the FCA register or contact the FCA directly for more information about a firm's authorisation status and the reasons for any changes.
These measures can help the firm to identify and address potential issues before they become a problem, ensuring compliance and avoiding potential penalties.
The Financial Conduct Authority (FCA) has taken steps to address mis-selling in the UK financial services industry, including enforcement actions, compensation schemes, and the introduction of new regulations. Yet, despite its efforts, the issue of mis-selling remains a major concern. Examples of mis-selling in the UK include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. These cases have involved billions of pounds in compensation to affected consumers, with PPI mis-selling resulting in a total of £38 billion in refunds. The FCA must continue to monitor the situation and ensure that consumers are adequately protected from mis-selling and are treated fairly.
If you have been mis-sold a financial product or service in the UK, the process for seeking compensation typically involves the following steps: contact the firm that sold the product or service and file a formal complaint; if the firm rejects the complaint or you are unsatisfied with their response, escalate the issue to the Financial Ombudsman Service; and if the firm is no longer in business or has been declared in default, file a claim with the Financial Services Compensation Scheme. It is important to act promptly, as there may be time limits for submitting claims, and to consider seeking independent financial or legal advice. Be aware that specific processes and eligibility criteria may vary depending on the financial product, service, or circumstances involved.