Address
Towry Law House
Western Road
Bracknell
Berkshire
RG12 1TL
R G 1 2 1 T L
UNITED KINGDOM
Tisdale Life Consultants Limited
Current Status: No longer authorised
Reference Number: 126637
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfF0gAAF
A firm with the status "No longer authorised" may have had its authorisation revoked for a number 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 for more details regarding the specific firm's authorisation status and the reasons for any changes.
Causes of non-compliance can 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. To ensure compliance, firms must provide proper training for their staff, identify and manage conflicts of interest, implement effective systems and controls, and follow applicable regulatory requirements.
The UK financial services industry has been marred by numerous cases of financial mis-selling, including Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. As a result, billions of pounds have been paid in compensation to affected consumers. In order to protect consumers from mis-selling and ensure fair treatment in the industry, the Financial Conduct Authority (FCA) has taken several steps to address the issue, such as enforcement actions, compensation schemes, and new regulations. Though the FCA's efforts have been noteworthy, the risk of mis-selling remains an ongoing concern that requires vigilance from both regulators and the industry.
Consumers who have been mis-sold financial products or services in the UK may be eligible to claim compensation. To begin, they should contact the firm that sold the product or service and file a formal complaint with all relevant details and evidence of mis-selling. If the firm rejects the complaint or the consumer is not satisfied with their response, they can escalate the issue to the Financial Ombudsman Service (FOS). The FOS is an independent body that resolves disputes between consumers and financial services providers and their decisions are legally binding on the firm. In cases where the firm is no longer in business or declared in default, consumers can file a claim with the Financial Services Compensation Scheme (FSCS). It's important to act quickly when seeking compensation for mis-selling, as there may be time limits for submitting claims, and to consider seeking independent financial or legal advice. Note that processes and eligibility criteria may vary depending on the financial product, service, or circumstances involved.