Address
The Official Receiver Or Leeds
3rd Floor
1 City Walk
Leeds
LS11 9DA
L S 1 1 9 D A
UNITED KINGDOM
Whitehead Group Limited
Current Status: No longer authorised
Reference Number: 118229
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfFAeAAN
A firm with the status "No longer authorised" may have had its authorisation revoked for a variety of reasons. These include voluntary cancellation, failure to meet regulatory requirements, non-compliance with FCA rules and regulations, enforcement action, failure to pay required fees, or inactivity. It is important to check the FCA register or contact the FCA directly for more information about the specific firm's authorisation status and the reasons for any changes.
Various factors can lead to non-compliance, including 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 and liquidity. To ensure compliance, firms should implement adequate internal systems, controls, and procedures, provide employees with appropriate training, maintain effective corporate governance structures, manage conflicts of interest, adhere to conduct rules, and ensure proper client protections, capital, and liquidity.
The UK financial services industry has seen several high-profile cases of financial mis-selling in the past, such as Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), Endowment mortgages and Pension mis-selling. This has resulted in billions of pounds being paid in compensation to affected consumers and businesses. In response, the Financial Conduct Authority (FCA) has taken steps to address mis-selling issues, including the introduction of new regulations to improve disclosure and transparency. However, the risk of mis-selling continues to exist, and both regulators and the industry must remain vigilant to ensure fair treatment and protect consumers from mis-selling.
Consumers who have been mis-sold financial products or services in the UK may be eligible to claim compensation and should take the following steps: contact the firm responsible for the mis-selling to file a formal complaint; if unsatisfied with the response, escalate the issue to the Financial Ombudsman Service for an independent review; and for claims against firms that are no longer in business or have been declared in default, file a claim with the Financial Services Compensation Scheme. It's important to act quickly, as there may be time limits for submitting claims, and to consider seeking independent financial or legal advice to ensure the best possible outcome.