Address
25 Riggal Court
Cuxton
Rochester
Kent
ME2 1EB
M E 2 1 E B
UNITED KINGDOM
Freewill Financial Planning Ltd
Current Status: No longer authorised
Reference Number: 430130
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfaOpAAJ
A firm that has been classified as "No longer authorised" by the FCA may 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 on the exact details of the firm's authorisation status and the reasons for any changes.
Reasons for non-compliance may 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. To ensure compliance, firms should have processes in place to identify, manage, and mitigate these risks.
In the UK, financial mis-selling has been a major issue in the financial services sector, particularly in cases such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment Mortgages and Pension Mis-selling. These have resulted in billions of pounds of compensation being paid out to affected consumers. To protect consumers from mis-selling, the Financial Conduct Authority (FCA) has implemented a number of measures, including enforcement actions, compensation schemes and new regulations. Despite these efforts, the risk of mis-selling remains a real concern and requires continued vigilance from both regulators and industry stakeholders.
If you think you have been mis-sold a financial product or service, you may be entitled to claim compensation. The process generally involves contacting the firm that provided the product or service and, if necessary, escalating the complaint to the Financial Ombudsman Service or the Financial Services Compensation Scheme. Be sure to act promptly and consider seeking independent advice to make sure you understand all the options available to you.