Address
Brook Point
1412-1420 High Road
London
N20 9BH
N 2 0 9 B H
UNITED KINGDOM
The Mortgage Times Group Limited
Current Status: No longer authorised
Reference Number: 303007
Website: www.kelmanson.com
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfRnaAAF
A firm with the status "No longer authorised" may have had its authorisation revoked by the Financial Conduct Authority (FCA) for a variety of reasons. These could include voluntary cancellation due to changes in the firm's business model, failure to meet ongoing regulatory requirements, non-compliance with FCA rules and regulations, enforcement action for misconduct, failure to pay fees, or inactivity. To find out more about the specific reasons for a firm's authorisation status, it is important to check the FCA register or contact the FCA directly.
These measures can help ensure that firms are meeting all applicable legal requirements and acting in the best interests of their clients.
The Financial Conduct Authority (FCA) has taken considerable steps to tackle mis-selling in the UK financial services sector, due to high-profile cases such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment Mortgages, and Pension Mis-selling. In total, more than £38 billion has been paid in compensation to affected consumers. The FCA has introduced new regulations to enhance disclosure and transparency, and has taken enforcement action to address mis-selling. Despite this, the risk of mis-selling still exists across various financial products and services, and it is essential that regulators and the industry remain vigilant.
If you believe you have been mis-sold a financial product or service in the UK, the first step is to contact the firm that sold it and file a formal complaint. Provide all relevant details and evidence of mis-selling, and the firm must investigate the complaint and respond within eight weeks. If you are not satisfied with their response, you can escalate the issue to the Financial Ombudsman Service (FOS), an independent body that resolves disputes between consumers and financial services providers. FOS decisions are legally binding, and their service is free for consumers. In cases where the firm is no longer in business or has been declared in default, you can file a claim with the Financial Services Compensation Scheme. The FSCS provides compensation to consumers when authorized financial services firms fail or are unable to meet claims; however, there are limits to the amount of compensation the FSCS can pay. It's important to act promptly when seeking compensation, as there may be time limits for submitting claims. Additionally, you should consider seeking independent financial or legal advice to ensure you receive fair compensation.