Address
Lymevale Court
Lyme Drive
Parklands
Stoke-on-Trent
Staffordshire
ST4 6NW
S T 4 6 N W
UNITED KINGDOM
Windsor Finance UK Limited
Current Status: No longer authorised
Reference Number: 309349
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfNj4AAF
A firm with the status "No longer authorised" may have had its authorisation revoked due to 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 consult the FCA register or contact the FCA directly to learn more about the specific reasons why the firm is no longer authorised.
Various 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. Firms must ensure that all these areas are adequately addressed to prevent non-compliance and ensure compliance with applicable laws and regulations.
The UK financial services industry has been plagued by financial mis-selling in the past, with cases involving Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. This has resulted in significant payouts in compensation to affected consumers, with the total amount exceeding £38 billion. In order to protect consumers and promote fair treatment, the Financial Conduct Authority (FCA) has taken action to address mis-selling issues. This includes enforcement actions, compensation schemes, and introducing new regulations to improve disclosure and transparency. However, the risk of mis-selling remains an ongoing concern that requires vigilance from both regulators and the industry. It is important to note that the extent of mis-selling may vary across different products and services, and thus continued monitoring is essential.
If you have been mis-sold a financial product or service in the UK, you may be eligible to claim compensation. To start the process, contact the firm responsible for the mis-selling and file a formal complaint with evidence of the mis-selling. If the firm rejects the complaint or if you are not satisfied with their response, you can take the next step and escalate the issue to the Financial Ombudsman Service (FOS). The FOS is an independent body that resolves disputes between consumers and financial services providers. If the firm is no longer in business or has been declared in default, you can then file a claim with the Financial Services Compensation Scheme (FSCS). It is essential to act promptly when seeking compensation as there may be time limits for submitting claims. You should also consider seeking independent financial or legal advice, especially if the claim is complex or involves a large sum of money. Remember that the specific processes and eligibility criteria may vary depending on the financial product, service, or circumstances involved.