Address
C/O Celerica LLP 1st Floor
The Old Chapel
9 Kempson Road
Leicester
Leicestershire
LE2 8AN
L E 2 8 A N
UNITED KINGDOM
Sterling McCall Asset Management Ltd
Current Status: No longer authorised
Reference Number: 400094
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfUfJAAV
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to consult the FCA register or contact the FCA directly to get more details on why a certain firm's authorisation has been revoked.
These measures can help ensure that firms are in line with their regulatory obligations and adequately protect their customers, employees, and the public.
The UK financial services industry has been plagued by financial mis-selling in the past, with several high-profile cases involving Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension products. This has led to billions of pounds being paid out in compensation to affected consumers, businesses and borrowers. The Financial Conduct Authority (FCA) has taken decisive action to mitigate these issues, introducing new regulations to improve disclosure and transparency, as well as launching enforcement actions and compensation schemes. Despite these efforts, mis-selling remains a risk in the sector, and continued vigilance from both regulators and the industry is essential to protect consumers.
For those who have been mis-sold financial products or services in the UK, claiming compensation may be an option. The process typically involves the following steps: getting in touch with the firm that sold the product or service and filing a complaint, escalating the issue to the Financial Ombudsman Service if the complaint is rejected, and filing 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 quickly, as there may be time limits for submitting claims and it's wise to seek independent financial or legal advice if the claim is complex or involves a large sum of money. Note that the exact process and eligibility criteria may vary depending on the product, service, or circumstances.