Address
137 Lynchford Road
Farnborough
Hampshire
GU14 6HD
G U 1 4 6 H D
UNITED KINGDOM
Swift Facilities Limited
Current Status: No longer authorised
Reference Number: 314450
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfTDoAAN
A firm that has had its authorisation revoked by the Financial Conduct Authority (FCA) may be due to a number of reasons, such as voluntary cancellation, failing to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. To find out more about a particular firm's authorisation status and the reasons behind any changes, it is advisable to check the FCA register or contact the FCA directly.
Possible causes of non-compliance 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.
The UK financial services industry has seen a number of high-profile cases of financial mis-selling over the past few years, including with Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and Pension products. These cases have resulted in billions of pounds in compensation for affected consumers and businesses. The Financial Conduct Authority (FCA) is taking action to better protect consumers from mis-selling, through enforcement, compensation schemes, and new regulations to improve disclosure and transparency. Despite these efforts, the risk of mis-selling remains a concern, and requires continued vigilance from regulators and the industry.
Consumers who have been mis-sold financial products or services in the UK may be eligible to claim compensation. To do so, they should contact the firm responsible for the mis-selling and file a formal complaint. If the firm rejects the complaint or the consumer is not satisfied with the response, they can escalate the issue to the Financial Ombudsman Service, an independent body that resolves disputes between consumers and financial services providers. If the firm is no longer in business or has been declared in default, claims can be filed with the Financial Services Compensation Scheme. It is important to act quickly and get independent financial or legal advice when pursuing compensation for mis-selling, as there may be time limits for submitting claims. Note that the specific processes and eligibility criteria may vary depending on the financial product, service, or circumstances involved.