Address
4.40E+12
North Riding Finance(Pool) Ltd
Current Status: No longer authorised
Reference Number: 305198
Website: www.northridingfinance.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfU3qAAF
A firm with the status "No longer authorised" may have had its authorisation removed due to one of several reasons, such as voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. To gain more insight into a particular firm's authorisation status and the reasons for a change, it is necessary to consult the FCA register or contact the FCA directly.
These measures can help identify potential issues, ensure proper procedures are followed, and minimize the risk of any regulatory breaches.
In the past, financial mis-selling has been a major problem in the UK financial services industry, with various well-publicised cases concerning different products and services. Examples include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages and Pension mis-selling. In order to protect consumers and ensure fair treatment, the Financial Conduct Authority (FCA) has implemented various measures such as enforcement actions, compensation schemes and regulations. Despite this, mis-selling remains a risk that requires ongoing vigilance on the part of both regulators and the industry.
Consumers who have been mis-sold financial products or services in the UK may be eligible for compensation. To pursue their claim, they should first contact the firm responsible for the mis-selling and provide all relevant details and evidence. If the firm rejects the complaint or the consumer is not satisfied with their response, they can escalate the issue to the Financial Ombudsman Service, an independent body that resolves disputes and makes legally binding decisions. In cases where the firm is no longer in business or has been declared in default, consumers can file a claim with the Financial Services Compensation Scheme. It's important to act promptly and consider seeking independent financial or legal advice, as time limits and eligibility criteria may vary depending on the product, service, or circumstances involved.