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The Abram Partnership LLP

Current Status: No longer authorised

Reference Number: 446208

Website: www.CardiffIFA.co.uk

Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000Mfg7AAAR



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A firm that is "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. To obtain more information about the specific firm's authorisation status and why it may have changed, it is essential to check the FCA register or contact the FCA directly.

Such measures can help to identify potential or existing compliance issues, allowing firms to take the necessary steps to prevent or address any issues in a timely manner.

The UK financial services industry has been plagued by financial mis-selling in the past, with high-profile cases involving products such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages and pension products. As a result, billions of pounds have been paid out in compensation to affected consumers and businesses. In order to protect customers from mis-selling and ensure fair treatment in the financial services sector, the Financial Conduct Authority (FCA) has implemented a range of regulatory frameworks, enforcement actions and compensation schemes. Nevertheless, the potential for mis-selling persists and requires constant vigilance from both the regulator and industry players.

Consumers who have been mis-sold financial products or services in the UK may be eligible to claim compensation. The process typically involves contacting the firm that sold the product or service, potentially escalating the issue to the Financial Ombudsman Service, and in some cases, filing a claim with the Financial Services Compensation Scheme. It's important to act promptly, as there may be time limits for submitting claims, and to consider seeking independent financial or legal advice. However, the exact process and eligibility criteria may vary depending on the financial product, service, or circumstances involved.

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