Address
This firm has been subject to disciplinary or regulatory action. That action may be historic or it may currently affect the regulated activities they are permitted to do. Check the record and contact the FCA if you need further help.
Charterhouse Consulting Wealth Management Limited
Current Status: No longer authorised
Reference Number: 209426
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfKwjAAF
A firm with the status "No longer authorised" might have had its authorisation removed for a variety of reasons, including 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 the specific firm's authorisation status and reasons for any changes.
Various causes of non-compliance can arise, 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. To prevent non-compliance, firms must have a clear understanding of their regulatory obligations and implement effective mechanisms to ensure compliance with applicable rules and regulations.
The Financial Conduct Authority (FCA) has taken significant steps to address financial mis-selling in the UK, including enforcement actions, compensation schemes, and the introduction of new regulations. Some of the most prominent cases of mis-selling include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and pension products. These cases have resulted in billions of pounds in compensation to affected consumers, demonstrating the importance of robust regulatory frameworks and ongoing oversight to protect consumers from mis-selling and ensure fair treatment in the financial services industry. Despite the FCA's efforts, the risk of mis-selling remains an ongoing concern, and vigilance is required from both regulators and the industry to ensure a fair and transparent financial system.
If you believe you have been mis-sold a financial product or service, the first step is to contact the firm that sold it to you and file a formal complaint with all the relevant details and evidence. If the firm rejects your complaint or you are not satisfied with the response, you may be able to escalate your case to the Financial Ombudsman Service. If the firm is no longer in business or has been declared in default, you can submit a claim to the Financial Services Compensation Scheme. It's important to act quickly, and you may also want to seek independent financial or legal advice.