Address
135 Sandyford Road
JESMOND
Newcastle upon Tyne
Tyne and Wear
NE2 1QW
N E 2 1 Q W
UNITED KINGDOM
Gordon Keddie (Insurance) Limited
Current Status: No longer authorised
Reference Number: 116633
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfEzlAAF
A firm that is no longer authorised may have had its authorisation revoked for a variety of reasons. These could include voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action taken by the FCA, failure to pay fees, or long-term inactivity. To find out more information about the specific firm's authorisation status and the reason for any changes, it is important to consult the FCA register or contact the FCA directly.
Reasons for non-compliance can 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 must provide their employees with adequate training and support to understand and adhere to regulatory requirements, identify and manage conflicts of interest, implement client protection measures, and maintain the required level of capital or liquidity.
The UK financial services industry has been plagued by financial mis-selling in the past, with several high-profile cases involving various products and services. Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling are some of the most notable examples. These cases have resulted in billions of pounds worth of compensation paid to affected consumers and businesses. In response to this, the Financial Conduct Authority (FCA) has implemented various measures to curb mis-selling and promote fairness in the industry. These include enforcement actions, compensation schemes, and the introduction of new regulations to ensure disclosure and transparency. Although these measures have been effective in reducing mis-selling, it is still a persistent risk that requires continual vigilance from both regulators and the industry.
If you believe you have been mis-sold a financial product or service, it is advisable to contact the firm responsible and begin the process of claiming compensation. If they reject your complaint or you are not satisfied with their response, you can escalate the case to the Financial Ombudsman Service. If the responsible firm is no longer in business or has been declared in default, you can submit a claim to the Financial Services Compensation Scheme. However, it is important to act promptly and consider seeking independent financial or legal advice if necessary.