UK Financial Conduct Authority

The Financial Conduct Authority (FCA) is an independent body that regulates the UK financial services industry under statutory powers given by the Financial Services and Markets Act2000which covers a mis-sold mortgage payment protection insurance compensation claim. The FCA board, which is appointed by the Treasury, sets overall policy, but day-to-day decisions are the responsibility of the Executive. The FCA is an open and transparent organisation which operates independent of Government and is funded entirely by the firms it regulates. The stated aim of the FSA is “to promote efficient, orderly and fair markets and to help retail consumers achieve a fair deal.”

 The Financial Services and Markets Act 2000 also established the Financial Services and Markets Tribunal which re-considers decisions made by the FCA in cases where agreement cannot be reached with the firm or individual. The FCA rules and practices are also subject to competition scrutiny by the Director General of Fair Trading who reports to the Competition Commission if he finds that any anti-competitive effect. The Financial Conduct Authority now sets the rules and regulations that govern a mis-sold mortgage payment protection insurance compensation claim :-

  • The Financial Conduct Authority
  • 25 The North Colonnade
  • Canary Wharf
  • London E14 5HS

The main aims of the FCA are as follows :-

  • maintaining confidence in the UK financial system
  • promoting public understanding of the financial system
  • securing the right degree of protection for consumers
  • helping to reduce financial crime

The FCA achieves good regulation by :-

  • Ensuring that resources are used in the most economic and efficient way
  • Considering the responsibilities of those who manage the affairs of authorised persons
  • Being proportionate in imposing burdens or restrictions on the industry
  • Facilitating innovation
  • Taking into account the international character of financial services and the UK’s
  • competitive position
  • Not impeding or distorting competition unnecessarily

No Win No Fee Compensation Claims

In order to establish liability for negligent financial advice against an adviser or a consultant a professional negligence solicitor should be able to call upon the services of an independent network of qualified actuaries, insurance experts, stock brokers, financial experts and academics who work together as a specialist team when necessary, to assist in settling claims for the consequences of negligent financial advice against advisers, consultants, life companies, banks, solicitors and brokers. Most solicitors deal with professional negligence compensation claims for negligent financial advice on a no win no fee basis and if the complaint is unsuccessful the solicitor will not make any charge to you. Most professional negligence compensation claims are completely risk free and you should not have to pay for any expenses during the course of the claim. For More Information Visit: Disputed probate