Sett Valley Insurance Services

Reference number: 125128

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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.

  • No website on the FCA register

  • Phone number

    01663 741694

  • Address

    Sett Valley Insurance Services, 16-18 Market Street, New Mills, High Peak, Derbyshire, SK22 4AE, United Kingdom

In the full report: 2 background checks

  • What kind of line 01663 741694 is
  • Who else gives the postcode SK22 4AE
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Other names (1)

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

  • Buckingham Insurance Former trading name

FCA permissions and consumer protection

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Dealing in investments as agent
  • Debt-counselling
  • Making arrangements with a view to transactions in investments

FCA disciplinary action

FCA action

fine
1
in fines
£28.0k
most recent
January 2010
  • Fined £28,000 on 27 January 2010
    On 27 January 2010, the Financial Services Authority (the FSA) imposed a financial penalty of £28,000 (reduced from £40,000 for early settlement) on Sett Valley Insurance Services for breaches of Principles 3 and 9 of the FSA's Principles for Businesses and Section 20(1)(a) of the Financial Services and Markets Act 2000. Specifically, Sett Valley Insurance Services failed to: (i) ensure that its systems and controls were adequate to ensure compliance with regulatory requirements and standards, particularly, in relation to its advice and sales processes and training and competence regime; (ii) record sufficient information about its customers' personal and financial circumstances for assessing the suitability of its recommendations; (iii) ensure the suitability of its advice to customers; and (iv) ensure that it did not provide advice outside the scope of its Part IV permissions. As a result, Sett Valley could not demonstrate the suitability of its recommendations or that customers were provided with adequate information in respect of recommendations to ensure that they were in a position to make an informed decision. Sett Valley must also appoint an independent compliance consultant to conduct a phased review of sales between 1 January 2006 and 31 December 2008 and compensate any customers who may have suffered loss. The phased review of sales has been completed and no evidence of any unsuitable sales was found.

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

Sett Valley Insurance Services’s history from the FCA register and Companies House, newest first.

Key events (5) All events (12)

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2010

27 January 2010

  • Fined £28,000 by the FCA

FCA register

2001

1 December 2001

  • Regulated by the Financial Services Authority from this date
  • Became authorised by the FCA

FCA register

1994

15 August 1994

  • Regulated by the Personal Investment Authority from this date

FCA register

In the full report: all 12 events

  • All 12 events in its history (5 shown here)
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Firms like Sett Valley Insurance Services

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

In High Peak

Club 84 Financial Planning LimitedHigh PeakAppointed representativeCoombe Capital LimitedHigh PeakAppointed representativeJohn OakesHigh PeakAppointed representativeLaura DuffieldHigh PeakAppointed 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 Sett Valley Insurance Services

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  • 2 background checks on its contact details
  • All 12 events in its history

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Frequently asked questions about this firm

Is Sett Valley Insurance Services FCA authorised?
Yes, Sett Valley Insurance Services (FRN 125128) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since December 2001 and works as a financial adviser. The FCA has placed no limits on its permissions.
What is Sett Valley Insurance Services’ phone number?
The FCA register lists the phone number 01663 741694 for Sett Valley Insurance Services. If you were given different contact details, use these to check with the firm before going any further.
Is Sett Valley Insurance Services a scam or clone?
Sett Valley Insurance Services 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 Sett Valley Insurance Services?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Sett Valley Insurance Services to the Financial Ombudsman Service, free of charge.
Has the FCA taken action against Sett Valley Insurance Services?
Yes. The FCA register records 1 fine in 2010, £28,000 in total. The details are in the disciplinary section above, with links to the FCA's notices.
Does Sett Valley Insurance Services use any other names?
It has previously used the name Buckingham Insurance.

Sources and links

The full report on Sett Valley Insurance Services

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