Address
4.41E+12
Conforto Financial Management Ltd
Current Status: No longer authorised
Reference Number: 438307
Website: www.conforto.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfYYWAA3
A firm with the status "No longer authorised" may have had its authorisation removed for any of the following reasons: 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 firm's specific authorisation status and the reasons for any changes.
Such measures can help firms identify and address areas of risk and ensure that their activities are in line with applicable laws and regulations.
The UK financial services industry has seen a number of high-profile cases of mis-selling in the past, ranging from Payment Protection Insurance (PPI) to Interest Rate Hedging Products (IRHP) to endowment mortgages and pension products. In response, the Financial Conduct Authority (FCA) has taken a number of measures to protect consumers from mis-selling, including enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Despite these efforts, the risk of mis-selling remains an ongoing concern, and continued vigilance is necessary to ensure fair treatment of customers in the sector.
Those who have been mis-sold financial products or services in the UK may be eligible to seek compensation. The typical process for this involves contacting the firm responsible for the mis-selling, escalating the issue to the Financial Ombudsman Service if the firm does not respond satisfactorily, and submitting a claim to the Financial Services Compensation Scheme if the firm is no longer in business or declared in default. It is important to act quickly, as there may be time limits in place to submit claims, and to seek independent financial or legal advice if the claim is complex or involves a large sum of money.