Beware of Warwick Finance.

Ian_Griffiths_Halifax

From Mortgage Strategy Magazine

The Financial Services Authority has stopped an insurance and mortgage broker advising on regulated products after the firm posed as HBOS to convince customers to take out new policies.

The regulator took the action against Aaron Nickols, trading as Warwick Finance, over serious concerns about the company’s sales practices.
Warwick phoned customers claiming to be from HBOS and went on to use high pressure sales tactics to cancel their existing policies and take out a new policy.
The firm questioned the suitability of consumers’ existing products as well as the financial strength of their provider.
The company also took bank details from potential customers during the calls and took out policies without customers’ knowledge.
A statement from the FSA says: “Consumers who receive calls from Warwick Finance should not purchase insurance products from them as it no longer holds permission to conduct regulated business.
“Customers who have current policies with Warwick should check their policy is suitable for their needs and raise any concerns with Warwick Finance or the ultimate product provider. “If in doubt, they should seek the advice of another authorised insurance broker.”

dacouch

Its nice to see the FSA are weeding out the companies that are underhand and are ensuring the customer is king

GLYNRICHARDSON

yes, they contacted my about halifax insurance, if we signed up we would get 2yrs life insurance free, they would pay the payments, by means of putting the money into the bank, to pay the life insurance, that carnt be right

Wakey2008

Update

FSA bans broker

The Financial Services Authority (FSA) has banned a broker for not being fit and proper to run a mortgage and insurance business. An investigation into Aaron Nickols, trading as Warwick Finance, found the broker failed to ensure his customers were treated fairly and failed to prevent his still implementing high pressure sales techniques. Nickols also failed to have the appropriate controls and systems in place, meaning staff were not monitored effectively, training was inadequate and customers' specific needs were not taken into account. Staff were also found to have set up insurance policies in the names of potential customers without having obtained permission from them to do so.

l.r.mcdonagh

We accepted the 2 year life insurance deal through Warwick Finance. It owes us £186.00. The company is not responding to e-mail and can't get a reply telephone wise- for a number of months got the engaged tone now getting 'number not recognised'. Any tips on how I could recoup the moines owed - any help would be great.

jakey1_2

l.r.mcdonagh wrote: »

We accepted the 2 year life insurance deal through Warwick Finance. It owes us £186.00. The company is not responding to e-mail and can't get a reply telephone wise- for a number of months got the engaged tone now getting 'number not recognised'. Any tips on how I could recoup the moines owed - any help would be great.

Aaron Nickols was the director of the company and the guy who got banned by the FSA, I have way of contacting him directly, if you can reply to this message with your e-mail address I will give you his direct number. I can't really reveal who I am as I have an on going issue with Aaron and I want to remain anon for the mo

pania

yes me to . very interested jakey can you pm me?

Oscar_The_Grouch

This is an old thread

If you are having trouble getting money out of the company, you need to contact the Financial Services Compensation Scheme and advise you are concerned the company are unable to meet their financial obligations. Their site will give you the option to search for the firm first to see if there is an ongoing claim. Warwick Finance and Aaron Nickols are not listed, but someone needs to start a claim before the FSCS will investigate (that's you). Here's a link (clicky).

clarance

jakey1 wrote: »

Aaron Nickols was the director of the company and the guy who got banned by the FSA, I have way of contacting him directly, if you can reply to this message with your e-mail address I will give you his direct number. I can't really reveal who I am as I have an on going issue with Aaron and I want to remain anon for the mo

could you please pm me ask i have a great need to speak to mr nickols, your reply would be greatly appreciated

pania

clarance pm me i have some info that i've found out today regarding this.

clarance

:ocould you please clear your message space, as i [EMAIL="can@t"]can't[/EMAIL] send you pm