Address
52 The Galleries
Washington Centre
Washington
Tyne and Wear
NE38 7SD
N E 3 8 7 S D
UNITED KINGDOM
Washington Mortgage & Insurance Centre Ltd
Current Status: No longer registered as an Appointed Representative
Reference Number: 201928
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfJrtAAF
A firm that has been given the status "No longer authorised" may have had its authorisation revoked for any of the following reasons: voluntary cancellation, failure to meet regulatory requirements, non-compliance with FCA rules and regulations, enforcement action, failure to pay fees, or inactivity. To find out more details, it's important to consult the FCA register or contact the FCA directly.
Such measures can help to ensure compliance with applicable legal and regulatory requirements and protect firms from potential financial and reputational risks.
The UK financial services industry has been marred by financial mis-selling in the past, with numerous high-profile cases involving a range of financial products and services. Examples include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. As a result of these scandals, consumers have been awarded billions of pounds in compensation. In response to the issue, the Financial Conduct Authority (FCA) has been taking decisive steps to protect consumers and promote fair treatment in the financial services sector. This includes enforcement actions, compensation schemes, and the introduction of new regulations to improve disclosure and transparency. Despite these efforts, mis-selling remains a concern and vigilance is needed from both the regulator and the industry.
Those seeking compensation for mis-selling should contact the firm responsible for the sale first, and then, if the claim is rejected or unsatisfactory, escalate the issue to the Financial Ombudsman Service. If the firm is no longer in business or declared in default, consumers may submit a claim to the Financial Services Compensation Scheme. It's important to act quickly and seek professional advice if needed.