Address
143 Lyndhurst Drive
Hornchurch
Essex
RM11 1JN
R M 1 1 1 J N
UNITED KINGDOM
Goldgate Associates Limited
Current Status: No longer authorised
Reference Number: 302520
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfRK5AAN
A firm with the status "No longer authorised" may have had its authorisation removed due to 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 essential 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.
Various factors may cause non-compliance, including inadequate systems and controls, weak governance, insufficient staff training, 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 must provide comprehensive training and support to their staff, properly identify and manage conflicts of interest, and have adequate systems in place to detect, prevent, and report any suspicious activities.
The Financial Conduct Authority (FCA) has taken many actions to address financial mis-selling in the UK, such as enforcement actions, compensation schemes, and the introduction of stricter regulations. Despite this, mis-selling remains an issue across various financial products and services, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension products. This has been highlighted by several high-profile cases of mis-selling, resulting in billions of pounds in compensation to affected consumers and businesses. It is therefore essential for both regulators and the industry to remain vigilant in order to protect consumers from mis-selling and promote fair treatment in the financial services sector.
Consumers who have been mis-sold financial products or services in the UK may be eligible to claim compensation by following these steps: first, contact the firm who sold the product or service and file a formal complaint; second, if the complaint is rejected or the consumer is not satisfied, the issue can be escalated to the Financial Ombudsman Service (FOS) for a decision; third, if the firm is no longer in business or has been declared in default, a claim can be filed with the Financial Services Compensation Scheme (FSCS). It's important to act quickly and seek independent advice if necessary.