Address
4.40E+12
Guardian Mortgages Ltd
Current Status: No longer authorised
Reference Number: 305112
Website: www.francfinancialsolutions.com
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfTx6AAF
A firm with the status "No longer authorised" may have had its authorisation revoked for a variety of reasons, such as voluntary cancellation, failure to meet ongoing regulatory requirements, non-compliance with FCA 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 regarding the firm's authorisation status and the reasons for any changes.
These measures can help to ensure that firms have the systems, processes, and controls in place to identify, mitigate, and manage compliance risks in a timely and efficient manner.
The UK financial services industry has experienced a number of high-profile cases involving the mis-selling of various financial products and services, including Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and Pension products. In response, the Financial Conduct Authority (FCA) has taken action to address these issues, such as through enforcement actions, compensation schemes, and the introduction of new regulations to improve disclosure and transparency. Nonetheless, the risk of mis-selling remains a concern that requires ongoing vigilance from both the FCA and industry participants.
Those who have been mis-sold a financial product or service in the UK may be eligible to seek compensation, and the process typically involves contacting the firm responsible, escalating the issue to the Financial Ombudsman Service, and, if necessary, filing a claim with the Financial Services Compensation Scheme. It is important to act quickly, and independent advice may be beneficial in certain cases.