Address
5th Floor
22-25 Finsbury Square
London
EC2A 1DX
E C 2 A 1 D X
UNITED KINGDOM
Gracechurch Investments Ltd
Current Status: Revoked
Reference Number: 474151
Website: www.gracechurch-investments.com
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MgBriAAF
A firm with the status of "No longer authorised" may have had its authorisation removed due to any of the following reasons: 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 for more information about a specific firm's authorisation status and the reasons for any changes.
Common 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. To ensure compliance, firms should regularly review and update their internal systems, controls, and procedures, and provide employees with ongoing training and support.
The Financial Conduct Authority (FCA) has taken considerable strides to combat mis-selling in the UK's financial services sector, with enforcement actions, compensation schemes, and the introduction of more transparent regulations. Despite this, financial mis-selling continues to be a worrying issue, with high-profile cases involving Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. These examples illustrate the importance of stringent regulatory frameworks and the FCA's constant monitoring of the industry in order to protect consumers from unfair treatment. Going forward, the risk of mis-selling must be taken seriously and both regulators and the industry must remain vigilant in order to ensure fair practices.
If you believe you have been mis-sold a financial product or service in the UK, the first step is to contact the firm that sold it and file a formal complaint. If the firm rejects the complaint or you are not satisfied with the response, you can escalate the issue to the Financial Ombudsman Service. If 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's important to act quickly, as there may be time limits for submitting claims. Additionally, you may benefit from seeking independent financial or legal advice.