Address
Unit 1
Carlisle House
Carlisle Street
Goole
North Humberside
DN14 5DS
D N 1 4 5 D S
UNITED KINGDOM
Moneytalk Independent Financial Advisers Ltd
Current Status: No longer authorised
Reference Number: 400454
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfUH8AAN
A firm with the status "No longer authorised" may have had its authorisation removed 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's important to consult the FCA register or contact the FCA for more details about a particular firm's authorisation status and the cause of any changes.
Such measures may include adequate internal systems and controls, staff training, proper disclosure and transparency, management of conflicts of interest, adherence to conduct rules, client protections, financial crime prevention, data protection, capital and liquidity requirements, and other relevant requirements.
The UK financial services industry has been marred by cases of financial mis-selling in the past, with Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and Pension mis-selling being some of the most prominent examples. Such cases have resulted in an immense amount of compensation payments to consumers and businesses, totaling over £38 billion. In order to protect consumers from mis-selling and promote fair treatment, the Financial Conduct Authority (FCA) has taken significant steps, such as enforcement actions, compensation schemes, and the introduction of new regulations. However, the risk of mis-selling persists and requires vigilance from both the FCA and the industry. It is thus necessary for both parties to continuously monitor the extent of mis-selling across different financial products and services.
For this reason, individuals who believe they may have been mis-sold a financial product or service should contact the firm responsible for the mis-selling and seek advice from a financial or legal professional. Consumers who have been mis-sold financial products or services in the UK may be eligible to seek compensation. The process typically involves contacting the firm responsible for the mis-selling to file a formal complaint, followed by an investigation by the Financial Ombudsman Service (FOS) and, if necessary, a claim with the Financial Services Compensation Scheme (FSCS). It's important to act quickly, as there may be time limits for submitting claims, and to consider obtaining independent financial or legal advice. It's also important to note that the eligibility criteria and specific processes may vary depending on the financial product, service, or circumstances involved.