Address
4.40E+12
Norton Insurance Services Ltd
Current Status: No longer authorised
Reference Number: 306090
Website: www.norton-finance.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfU8mAAF
A firm with the status "No longer authorised" may have had its authorisation removed due to 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 essential to check the FCA register or contact the FCA directly for more information about a specific firm's authorisation status and reasons for any changes.
Reasons for non-compliance can 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, or inadequate capital or liquidity. By taking the necessary steps to ensure compliance, firms can protect themselves from potential sanctions, penalties, and reputational damage.
The Financial Conduct Authority (FCA) has taken several steps to tackle mis-selling in the UK financial services industry. This includes enforcement actions, compensation schemes, and the introduction of new regulations to improve disclosure and transparency. Despite these efforts, financial mis-selling is still a notable problem in the UK, with several high-profile cases involving various products, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. The FCA must continue to be vigilant in order to protect consumers and ensure fair treatment in the financial services sector.
If you believe you have been mis-sold a financial product or service, contact the firm responsible and begin the process of filing a complaint. If the firm rejects your complaint or fails to respond, you can then escalate the issue to the Financial Ombudsman Service, or to the Financial Services Compensation Scheme in cases where the firm is no longer in operation. In all cases, it's important to act swiftly and seek professional advice if needed.