Address
Harlech House
20 Cathedral Road
Cardiff
South Glamorgan
CF11 9FB
C F 1 1 9 F B
UNITED KINGDOM
SD Asset Management Ltd
Current Status: No longer authorised
Reference Number: 190179
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfI7TAAV
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 to find out more information about the particular firm and the reason behind the revocation of its authorisation.
Such measures can help to identify and address any potential risks of non-compliance, ensuring that firms remain compliant and protect the interests of their clients and stakeholders.
In recent years, the UK financial services industry has been plagued by several high-profile cases of financial mis-selling. Examples include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. The total amount of compensation paid to affected consumers and businesses has exceeded £38 billion. The Financial Conduct Authority (FCA) has taken several steps to address these issues, such as enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Nevertheless, the risk of mis-selling remains an ongoing concern and requires vigilance from both regulators and the industry.
If you believe you have been mis-sold a financial product or service, the first step is to contact the firm responsible and file a formal complaint. If the firm rejects your complaint or you are not satisfied with the response, you can then escalate the issue to the Financial Ombudsman Service. In some cases, you may be able to make a claim with the Financial Services Compensation Scheme if the firm is no longer in business or has been declared in default. It's important to act promptly and consider seeking independent financial or legal advice to maximize your chances of success.