Address
4 Golf Links Avenue
Hindhead
Surrey
GU26 6PQ
G U 2 6 6 P Q
UNITED KINGDOM
Dental Money Management Ltd
Current Status: No longer authorised
Reference Number: 228672
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfWHzAAN
A firm which has had its authorisation status changed to "No longer authorised" may have had its authorisation removed for a number 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 to find out the exact reasons for the change of status and the associated details.
This may involve developing an effective compliance program, providing staff training on regulatory requirements, identifying and managing conflicts of interest, ensuring accurate and timely disclosures, adhering to conduct rules, implementing client protection measures, preventing financial crime, protecting data, and maintaining adequate capital and liquidity.
The UK financial services industry has been plagued by financial mis-selling in the past, with several high-profile cases involving a variety of products and services. These include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and Pension mis-selling. In these cases, consumers were sold unnecessary or unsuitable policies, or received poor advice leading to substantial losses. The Financial Conduct Authority (FCA) has taken steps to combat mis-selling, such as enforcement actions and compensation schemes, as well as introducing new regulations to ensure greater disclosure and transparency. Nevertheless, the risk of mis-selling remains, and requires constant vigilance from both regulators and industry players.
Consumers who have been mis-sold financial products or services in the UK may be eligible to claim compensation. The process typically involves contacting the firm responsible for the mis-selling and filing a formal complaint, followed by referral to the Financial Ombudsman Service (FOS) if the complaint is not resolved satisfactorily. If the firm is no longer in business or has been declared in default, consumers can file a claim with the Financial Services Compensation Scheme (FSCS). It's important to act promptly and consider seeking independent financial or legal advice. Specific processes and eligibility criteria may vary depending on the financial product, service, or circumstances.