Address
Unit 16
Sovereign Park, Cleveland Way
Hemel Hempstead Industrial Estate
Hemel Hempstead
Hertfordshire
HP2 7DA
H P 2 7 D A
UNITED KINGDOM
A+ Financial Services Ltd
Current Status: No longer authorised
Reference Number: 222159
Website: http://www.aplusfinancial.co.uk/
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfQ9UAAV
A firm with the status "No longer authorised" may have had its authorisation removed for a variety of reasons, such as 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 information about the reasons for the firm's authorisation status change.
Reasons for 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 should implement stringent internal procedures and controls, provide staff with appropriate training, and ensure transparency and accountability.
The UK financial services industry has a history of financial mis-selling, which has been highlighted by several high-profile cases involving various products and services. Examples include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages, and pension mis-selling. As a result, the Financial Conduct Authority (FCA) has taken significant steps to address these issues, such as enforcement actions, compensation schemes, and new regulations to improve disclosure and transparency. Nonetheless, there is still a risk of mis-selling in the UK, and it is essential that both industry stakeholders and regulators remain vigilant in order to protect consumers.
If you believe you have been mis-sold a financial product or service, it's important to understand your rights and the steps to take in order to seek compensation. For those who have been mis-sold financial products or services in the UK, there are steps that can be taken to seek compensation. Start by contacting the firm that sold the product or service, providing all relevant details and evidence of mis-selling. If the firm rejects the complaint or the response is unsatisfactory, it can be escalated to the Financial Ombudsman Service (FOS), an independent body that resolves disputes between consumers and financial services providers. The FOS will review the case, consider both sides of the argument, and make a decision that is legally binding on the firm. If the firm is no longer in business or has been declared in default, a claim can be filed with the Financial Services Compensation Scheme (FSCS). It's important to act promptly as there may be time limits for submitting claims, and to consider seeking independent financial or legal advice. Specific processes and eligibility criteria may vary, so it's essential to understand your rights and the steps involved in order to seek compensation.