Address
Folly Cottage
Howfield Lane
Chartham Hatch
Canterbury
Kent
CT4 7NA
C T 4 7 N A
UNITED KINGDOM
Trevor Hubbard, Esq.
Current Status: No longer authorised
Reference Number: 139063
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfG6PAAV
A firm with the status "No longer authorised" may have had its authorisation removed due to any one of the following reasons: voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. It's important to check the FCA register or contact the FCA directly for more information regarding a particular firm's authorisation status and the reasons for any changes.
Reasons for non-compliance can range from 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. Therefore, firms must ensure that all applicable regulations and standards are met, and that appropriate policies, procedures, and controls are implemented and maintained.
The Financial Conduct Authority (FCA) has taken strong action to address issues of mis-selling in the UK financial services industry, which has been highlighted by a number of high-profile cases involving different financial products and services. Examples of mis-selling include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages, and Pension mis-selling. As a result, banks have paid out billions of pounds in compensation to affected consumers and businesses. The FCA has implemented enforcement actions, compensation schemes, and new regulations to increase disclosure and transparency, in order to protect consumers from mis-selling and improve fairness in the sector. Despite these efforts, there is still a risk of mis-selling, and the FCA must remain vigilant in order to prevent further cases.
Consumers who have been mis-sold a financial product or service in the UK may be eligible to claim compensation. The process typically involves getting in touch with the firm that sold the product or service to file a formal complaint, followed by escalating the complaint to the Financial Ombudsman Service (FOS) if the firm rejects it. If the firm is no longer in business or has been declared in default, consumers can file a claim with the Financial Services Compensation Scheme (FSCS). It's important to act quickly, as there may be time limits for submitting claims, and to seek independent financial or legal advice if the claim is complex or involves a large sum of money.