Address
Hadenglen House
Smisby Road
Ashby-de-la-Zouch
Leicestershire
LE67 2HE
L E 6 7 2 H E
UNITED KINGDOM
Hadenglen Home Finance Plc
Current Status: No longer authorised
Reference Number: 302527
Website: www.hhfplc.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfRKAAA3
A firm with the status "No longer authorised" may have had its authorisation revoked by the FCA for 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 important to consult the FCA register or contact the FCA directly to obtain more information about a particular firm's authorisation status and the reasons behind any changes.
Such measures can include providing employees with adequate training, implementing effective systems and controls, identifying and managing conflicts of interest, adhering to conduct rules, protecting client assets, preventing financial crime, complying with data protection requirements, and maintaining adequate capital and liquidity. Only by taking such measures can firms ensure that they are compliant with relevant laws and regulations.
The UK financial services industry has been marred by cases of financial mis-selling in the past, from Payment Protection Insurance (PPI) and Interest Rate Hedging Products (IRHP) to endowment mortgages and pension products. The resulting compensation paid to affected consumers and businesses exceeded £38 billion and billions of pounds in redress respectively. In response, the Financial Conduct Authority (FCA) has taken steps to strengthen consumer protection by enforcing actions, introducing compensation schemes, and creating new regulations to ensure greater disclosure and transparency in the financial services sector. Despite this, the risk of mis-selling persists and requires continued vigilance from both regulators and industry players alike.
If you have been mis-sold a financial product or service in the UK, you may be eligible to claim compensation. The process typically involves getting in touch with the firm that sold the product or service, filing a formal complaint and providing evidence of mis-selling. If this is unsuccessful, you can then escalate the issue to the Financial Ombudsman Service, an independent body that resolves disputes between consumers and financial services providers. If the responsible firm is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme, a statutory compensation fund. It's important to act quickly, as there may be time limits for submitting claims, and to seek independent financial or legal advice if necessary. Different processes and eligibility criteria may apply depending on the type of financial product or service and the circumstances involved.