Address
This firm has requirements or restrictions placed on the financial services activities that it can operate. Requirements or restrictions can include suspensions.
The Freedom SIPP Limited
Current Status: Closed to new business
Reference Number: 465194
Website: www.freedomsipp.com
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000Mfp4ZAAR
A firm with the status "No longer authorised" may have had its authorisation removed for a variety of reasons, including 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 directly to determine the exact reason and find out more information about a specific firm's authorisation status and any changes.
Such measures can help ensure compliance and mitigate the risks of fines, reputational damage, and other consequences.
The Financial Conduct Authority (FCA) has taken a number of measures to address the issue of financial mis-selling in the UK. Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling are some of the most high-profile cases of mis-selling in the UK, resulting in billions of pounds in compensation and redress. The FCA has enforced new regulations to improve disclosure and transparency, as well as taken enforcement actions and implemented compensation schemes. Despite these efforts, mis-selling remains an ongoing risk and requires ongoing vigilance from both the regulator and industry.
If you believe you have been mis-sold a financial product or service in the UK, the best place to start is by contacting the firm that sold you the product and filing a formal complaint. If they reject the complaint or you are not satisfied with their response, you can then escalate the issue to the Financial Ombudsman Service. If the firm is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme. It is important to act promptly when seeking compensation, and to seek independent financial or legal advice if necessary.