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Sure Money Limited

Current Status: No longer authorised

Reference Number: 313293

Website: www.mdnationwide.co.uk

Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfRxsAAF



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A firm whose status is "No longer authorised" may have had its authorisation revoked by the Financial Conduct Authority (FCA) for one or more of the following reasons: 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 check the FCA register or contact the FCA for more information about the specific firm's authorisation status and the reasons for any changes.

Such measures can help identify and address potential issues before they become a problem and ensure that firms are in compliance at all times.

Over the years, mis-selling of financial products and services has been a major issue in the UK financial services industry, with several high-profile cases involving a variety of products and services. Examples include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. These cases have resulted in billions of pounds being paid out in compensation to affected consumers. In response, the Financial Conduct Authority (FCA) has taken steps to help protect consumers and promote fair treatment in the financial services sector. This includes enforcement actions, compensation schemes, and the implementation of new regulations to improve disclosure and transparency. However, the risk of mis-selling remains, and the FCA and the industry need to remain vigilant in order to ensure the protection of consumers.

If you have been mis-sold a financial product or service in the UK, the process for seeking compensation typically includes the following steps: contacting the firm responsible for the mis-selling, escalating the issue to the Financial Ombudsman Service (FOS), and filing a claim with the Financial Services Compensation Scheme (FSCS) if the firm is no longer in business or has been declared in default. It is important to act promptly, and you may want to seek independent financial or legal advice. Note that the eligibility criteria and other details may vary depending on the product, service, or circumstances.

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