Derek Young

Reference number: 596286

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Appointed representative

Derek Young does not hold FCA authorisation of their own, and acts under a principal firm, which is legally responsible for their regulated business.

Responsible principal firm

ValidPath Limited Reference number: 197107 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Derek Young (FRN 596286) is an AR of ValidPath Limited (FRN 197107). When you use Derek Young's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Derek Young, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When uryir.com first appeared online, and whether it can receive email
  • What kind of line 07932 189592 is
  • Who else gives the postcode DD7 6EB
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • Young Invest & Retire Trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through ValidPath Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Key dates in its history

Derek Young’s history from the FCA register and Companies House, newest first.

2013

24 October 2013

  • Began trading as "Young Invest & Retire"

FCA register

25 February 2013

  • Became an appointed representative

FCA register

Director appointments and resignations, and trading names, appear under All events.

Firms like Derek Young

Other firms of the same type (financial adviser), nearest first.

In the Dundee (DD) postcode area

A Plus Financial Planning LimitedArbroathAppointed representativeAlan Dunn Financial Management LimitedDundeeAppointed representativeAlastair James WatsonDundeeAppointed representativeAndy Caterer Wealth Management LtdDundeeAppointed representativeCns Financial Solutions LimitedArbroathAppointed representativeDave Murray Wealth Management LtdDundeeAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Derek Young

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 3 background checks on its contact details
  • All 2 events in its history

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Frequently asked questions about this firm

Is Derek Young FCA authorised?
Derek Young (FRN 596286) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Derek Young?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Derek Young (FRN 596286) is an AR of ValidPath Limited (FRN 197107). When you use Derek Young's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Derek Young, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Derek Young’s phone number and website?
The FCA register lists the phone number 07932 189592 and the website uryir.com for Derek Young. If you were given different contact details, use these to check with the firm before going any further.
Is Derek Young a scam or clone?
Derek Young is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Derek Young?
Protection works through ValidPath Limited, the principal firm responsible for Derek Young's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Does Derek Young use any other names?
It trades as Young Invest & Retire.

Sources and links

The full report on Derek Young

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