Address
Carter Place
Gisborne Close
Staveley
Chesterfield
Derbyshire
S43 3JT
S 4 3 3 J T
UNITED KINGDOM
Scarlet Loans & Mortgages Limited
Current Status: No longer authorised
Reference Number: 315380
Website: www.scarletmoney.co.uk
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfTiDAAV
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 consult the FCA register or contact the FCA directly to find out more information about the specific firm's authorisation status and reasons for any changes.
This can include developing and enforcing clear policies and procedures, providing adequate training and support to staff, and conducting regular reviews and audits to ensure compliance.
The UK financial services industry has seen a number of high-profile cases of financial mis-selling in the past, including Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. The total compensation paid to affected consumers has exceeded £38 billion, and businesses have been compensated with billions of pounds in redress. In order to protect consumers from mis-selling and promote fair treatment in the sector, the Financial Conduct Authority (FCA) has implemented a range of measures, such as enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Despite these efforts, the risk of mis-selling continues to be a cause for concern and requires constant vigilance from both regulators and the industry.
If you think you have been mis-sold a financial product or service, it is advisable to contact the firm that sold it to you and file a formal complaint as soon as possible. If the firm rejects your complaint, you can contact the Financial Ombudsman Service to have your case reviewed and a decision made. If the firm is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme. Don't forget to seek independent financial or legal advice if needed.