The business continued to offer services, despite not being authorised to do so
The FCA has issued a warning about a claims management firm carrying out ”regulated activities which require authorisation”.
UK Claims Department has been providing financial services or products in the UK without the FCA’s authorisation, the regulator said in a release.
UK Claims Department references brokers Carole Nash, Swinton, Bemoto, Bennetts, Devitt and Lexham Insurance on its website.
When contacted by Insurance Times, the business was continuing to trade at the time of writing.
The FCA advises people to only deal with financial firms that are authorised by the regulator.
”Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.
”However, some firms act without our authorisation and some knowingly run investment scams,” it added.