Address
The firm has not confirmed its firm details in the last 12 months. We are addressing this with the firm.
Corporate Benefits Consulting Ltd
Current Status: In Liquidation
Reference Number: 516965
Website: www.corporatebenefits.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000NMQm7AAH
A firm with the status "No longer authorised" may have had its authorisation removed 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 specific firm's authorisation status and the reasons for any changes.
Possible causes of non-compliance 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. Companies must prioritize compliance and strive to establish a culture of ethics and integrity to ensure adherence to all relevant regulations.
The UK financial services industry has been plagued with cases of financial mis-selling in the past, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. Compensation paid to affected consumers has exceeded £38 billion, while businesses have received billions of pounds in redress. To prevent such occurrences in the future, the Financial Conduct Authority (FCA) has taken numerous steps to ensure fair treatment of customers, including enforcement actions, compensation schemes, and the introduction of new regulations. Although progress has been made, the risk of mis-selling still exists and requires ongoing vigilance on the part of both regulators and the industry.
For this reason, consumers who believe they have been mis-sold a financial product or service should contact the firm responsible for the mis-selling first in order to receive more detailed information on the specific process for claiming compensation. If you believe you have been mis-sold a financial product or service in the UK, the first step is to contact the firm responsible and file a formal complaint. The firm is obligated to investigate and respond to the complaint, typically within eight weeks. If you are not satisfied with the response, you can escalate the issue to the Financial Ombudsman Service, an independent body that resolves disputes between consumers and financial services providers. Their service is free for consumers, and their decisions are legally binding on the firm. In cases where the firm is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme. It is important to act promptly when seeking compensation, as there may be time limits for submitting claims, and you should consider seeking independent financial or legal advice if necessary. The exact process and eligibility criteria vary depending on the financial product, service, or circumstances involved, so be sure to contact the firm responsible to receive more detailed information.