Address
66 Rosemary Hill Road
Sutton Coldfield
West Midlands
B74 4HJ
B 7 4 4 H J
UNITED KINGDOM
RSS&L Limited
Current Status: No longer authorised
Reference Number: 774374
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000003jL6hbAAC
A firm with the status of "No longer authorised" may have had its authorisation removed due to various factors. These could include voluntary cancellation by the firm, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action taken by the FCA, failure to pay fees, or inactivity. To find out more information about a particular firm's authorisation status and reasons for any changes, it is important to consult the FCA register or reach out to the FCA directly.
Such measures can help ensure firms are adequately equipped to identify, manage, and mitigate risks, and prevent any potential non-compliance issues.
The Financial Conduct Authority (FCA) has taken significant steps to address mis-selling issues in the UK financial services industry, including enforcement actions, compensation schemes, and the introduction of new regulations to improve disclosure and transparency. Examples of notable mis-selling cases include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment Mortgages, and Pension Mis-selling. These cases and others highlight the importance of robust regulatory frameworks and ongoing oversight by the FCA to protect consumers and promote fair treatment in the financial services sector. Despite the efforts of the FCA, the risk of mis-selling remains an ongoing concern that requires vigilance from both regulators and the industry.
Those seeking compensation for mis-selling should contact the firm responsible and/or seek independent advice to understand their rights and how to proceed. For those who have been mis-sold a financial product or service in the UK, the process for claiming compensation typically involves the following steps: contact the firm responsible, file a formal complaint, and if necessary, escalate the issue to the Financial Ombudsman Service (FOS). If the firm is no longer in business or has been declared in default, consumers can file a claim with the Financial Services Compensation Scheme (FSCS). It is important to act promptly and seek independent advice when possible, as time limits and eligibility criteria may vary.