Address
c/- Liquidator: Mr Dylan Quail
Cooper Williamson
Suite 2, Aus Bore House
19-25 Manchester Road
Wilmslow
Cheshire
SK9 1BQ
S K 9 1 B Q
UNITED KINGDOM
SRD Financial Management Limited
Current Status: No longer authorised
Reference Number: 230579
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfY3lAAF
A firm that is "No longer authorised" may have had its authorisation revoked by the FCA due to a number of reasons, such as voluntary cancellation, failure to meet regulatory requirements, non-compliance with FCA rules and regulations, enforcement action, failure to pay fees, or inactivity. To find out more information about a specific firm's authorisation status and reasons for any changes, it is important to check the FCA register or contact the FCA directly.
Possible causes of 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.
In the past, the UK financial services industry has experienced numerous cases of financial mis-selling, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension products. These cases have resulted in billions of pounds in compensation and redress to affected consumers and businesses. The Financial Conduct Authority (FCA) has taken several measures to protect consumers from mis-selling, including enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Nevertheless, the risk of mis-selling persists and requires ongoing vigilance from regulators and the industry.
For this reason, consumers should contact the firm or the Financial Ombudsman Service for more information. If you have been mis-sold a financial product or service in the UK, you may be eligible to claim compensation. To start the process, contact the firm that sold the product or service and file a complaint with them detailing the mis-selling. If the firm rejects the complaint or you are not satisfied with the response, you can escalate the issue to the Financial Ombudsman Service (FOS), an independent body that resolves disputes between consumers and financial services providers. The FOS will review the case and make a decision that is legally binding on the firm. Alternatively, if the firm responsible for the mis-selling is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme (FSCS). However, it is important to act quickly as there may be time limits for submitting claims. Additionally, seeking independent financial or legal advice may be beneficial, especially for more complex cases involving a large sum of money. While the general process for claiming compensation is similar for all cases, specific criteria and procedures may vary depending on the financial product or service. Therefore, it is best to contact the firm or the FOS to find out more information.