Address
4.41E+12
Nurture Financial Planning LTD
Current Status: No longer authorised
Reference Number: 496332
Website: www.nurturefp.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000NMV22AAH
A firm with the status "No longer authorised" may have had its authorisation removed due to any of the following: voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. To find out more information about a particular firm, it's important to consult the FCA register or contact the FCA directly.
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, and inadequate capital or liquidity. Companies must take the necessary steps to ensure that they are compliant with the relevant laws and regulations in order to protect their customers and their business.
The UK financial services industry has experienced a number of high-profile cases of financial mis-selling in the past, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. These have resulted in billions of pounds of compensation being paid out to affected consumers and businesses. In response, the Financial Conduct Authority (FCA) has taken measures to address the issue, including enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Despite these efforts, mis-selling remains a persistent problem that requires ongoing vigilance from both the regulator and the industry.
Consumers who have been mis-sold financial products or services in the UK may be entitled to compensation. To pursue a claim, they should start by contacting the firm that sold the product or service and filing a formal complaint detailing the mis-selling. If the firm rejects the claim or the response is unsatisfactory, the consumer can escalate the case to the Financial Ombudsman Service, which is an independent body that investigates disputes between consumers and financial services providers. The FOS's decision is legally binding on the firm. In cases where the firm responsible for the mis-selling 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 quickly, as there may be time limits for submitting claims. Additionally, consumers should consider seeking independent financial or legal advice if the claim is complex or involves a substantial amount of money. Be aware that the specific process and eligibility criteria may differ depending on the financial product or service involved.