Address
4.40E+12
CDH Insurance and Finance Consultants
Current Status: No longer authorised
Reference Number: 154429
Website: www.cdh.uk.com
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfGz8AAF
A firm with the status "No longer authorised" may have had their authorisation removed for a variety of reasons, such as voluntarily cancelling their authorisation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. It's important to check the FCA register or contact the FCA directly to find out more information about a specific firm's authorisation status and the reasons for any changes.
Reasons for non-compliance can include inadequate systems and controls, poor governance, insufficient staff training, providing false or misleading information, conflict of interest, breaches of conduct rules, inadequate client protections, financial crime, data protection breaches, and inadequate capital or liquidity. In order to avoid these issues, firms should ensure that they have a thorough understanding of the applicable regulations and have adequate procedures in place to comply with them.
The Financial Conduct Authority (FCA) has taken a number of steps to address issues of financial mis-selling in the UK, including enforcing appropriate regulations and providing compensation schemes. Some high-profile examples of mis-selling include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and pension mis-selling. Although the FCA has taken actions to protect consumers, the risk of mis-selling is still an ongoing concern that requires vigilance from both regulators and the industry. It is essential that robust regulatory frameworks and ongoing oversight are in place to ensure fair treatment in the financial services sector and to provide adequate protection for consumers.
If you believe you have been mis-sold a financial product or service, contact the firm responsible for the sale and then consider seeking independent advice. Depending on the outcome of your complaint and the situation, you may then be able to file a claim with the Financial Ombudsman Service, the Financial Services Compensation Scheme, or other relevant bodies.