Address
Individuals are using the details of this firm to suggest they work for the genuine firm. We call this a cloned firm and it is typically part of a scam.
PLANET PENSIONS LIMITED s.r.o., v likvidaci
Current Status: No longer authorised
Reference Number: 526293
Website: cloned firm
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000NMWD9AAP
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 is important to check the FCA register or contact the FCA directly for more information about a specific firm's authorisation status and the reasons for any changes.
Possible causes of non-compliance may 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. It's essential for firms to have the necessary resources in place to address any issues that may arise and ensure ongoing compliance with applicable requirements.
The Financial Conduct Authority (FCA) has taken steps to address the issue of financial mis-selling in the UK, such as enforcement actions, compensation schemes, and the introduction of new regulations. Examples of mis-selling include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages and pension products. This has resulted in billions of pounds in compensation being paid to affected consumers. Despite the efforts of the FCA, the risk of mis-selling remains a concern. It is essential for both regulators and the industry to remain vigilant in order to protect consumers, ensure fair treatment and promote a healthy financial services sector in the UK.
If you believe you have been mis-sold a financial product or service in the UK, it's important to take action quickly. Contact the firm responsible for the mis-selling and, if necessary, escalate the issue to the Financial Ombudsman Service. If the firm has been declared in default, it may be possible to make a claim with the Financial Services Compensation Scheme. Consider obtaining independent financial or legal advice to make sure you are taking the most appropriate steps.