Jencap Partners

“You never know what you can do until you try.”

From everyone at Jencap Partners, we hope you have a great weekend!

The largest FCA fine of 2022 was £107.8m, handed out to Santander UK plc.

After uncovering severe and persistent deficiencies in its anti-money laundering (AML) controls, which had a direct impact on its Business Banking clients, the FCA imposed the fine. The regulatory authority determined that these failures had been ongoing for nearly five years.

It’s not too late to get expert advice.

Our unique service includes assisting firms to resolve customers’ complaints, delivering great consumer outcomes and managing regulatory interventions. We also help firms’ clients to secure redress for poor advice by other advisers.

Speak to our team to find out more ➡️ https://loom.ly/yfASri8

Here is just one example of a client we’ve helped.

🛑 Client Issue: High-value complaint
✅ Jencap Resolution: Dealt with an aggressive and vexatious lawyer. Case successfully closed.

It’s not too late to get expert advice.

Our unique service includes assisting firms to resolve customers’ complaints, delivering great consumer outcomes and managing regulatory interventions. We also help firms’ clients to secure redress for poor advice by other advisers.

Speak to our team to find out more ➡️ https://loom.ly/yfASri8

See all of our reviews 👉 https://loom.ly/yfASri8what-weve-done/

“Winning means you’re willing to go longer, work harder, and give more than anyone else.”

From everyone at Jencap Partners, we hope you have a great weekend!

Jencap Partners has been in the press a number of times lately talking about the increase in enquires from mortgage brokers regarding clients who are stating that they have been misadvised about the decision to take out a 2-year fix as opposed to a longer, 5-year fix.

You can view all the articles below and you can book some time with one of our consultants here ➡️ https://loom.ly/yfASri8

Telegraph ➡️ https://loom.ly/pHWsgF4

FT Adviser ➡️ https://loom.ly/E9P3rfM

i News ➡️ https://loom.ly/El-oqwI

The Intermediary ➡️ https://loom.ly/LPcCNrw

IFA Magazine ➡️ https://loom.ly/Anv8Ozc

Mortgage Solutions ➡️ https://loom.ly/fPXqKE0

Financial Reporter ➡️ https://loom.ly/5DHGIYo

Your Money ➡️ https://loom.ly/qjNAH5g

-selling

Currently, the Bank of England base rate is 5.25%, however, next month, we’ll find out the latest update.

What will happen next? Will the rate increase again or are we nearing its peak?

The next update will be on Thursday 21st September 2023.

📈 5.25% Current Bank Rate
🗓 Next Update – 21st September 2023

In 2022 H2, financial services firms received 1.79 million complaints.

It’s not too late to get expert advice.

Our unique service includes assisting firms to resolve customers’ complaints, delivering great consumer outcomes and managing regulatory interventions.

We also help firms’ clients to secure redress for poor advice by other advisers.

Speak to our team to find out more ➡️ https://loom.ly/yfASri8

“Never stop doing your best just because someone doesn’t give you credit.”

From everyone at Jencap Partners, we hope you have a great weekend!

Here is just one example of a client we’ve helped.

🛑 Client Issue: S165/S166 Intervention
✅ Jencap Resolution: Pragmatic advice around managing a regulatory intervention ensuring compliance

It’s not too late to get expert advice.

Our unique service includes assisting firms to resolve customers’ complaints, delivering great consumer outcomes and managing regulatory interventions. We also help firms’ clients to secure redress for poor advice by other advisers.

Speak to our team to find out more ➡️ https://loom.ly/yfASri8

See all of our reviews 👉 https://loom.ly/yfASri8what-weve-done/

Client complaint referred to the FOS?
It’s not too late to get expert advice.

Speak to our team to find out more ➡️ https://loom.ly/cY3RJYg

This Time Last year – 15th August 2022

💷 Bank Rate 1.75%
📈 Inflation 9.8%
🏛 FTSE 100 7,509
👮Biggest FCA Fine £107.8 Million (Santander UK)
₿ Bitcoin Value £19,987

Today – 15th August 2023

💷 Bank Rate 5.25%
📈 Inflation 7.95%
🏛 FTSE 100 7,405 (11AM)
👮 Biggest FCA Fine £17.2 Million (ED&F Man Capital Markets Ltd)
₿ Bitcoin Value £23,085 (11AM)

And on this day in 1914, after 10 years of work, the Panama Canal opened to ships.

“The best time to plant a tree was 20 years ago. The second-best time is now.”

From everyone at Jencap Partners, we hope you have a great weekend!

In 2022, £532 million of redress was paid in total.

It’s not too late to get expert advice.

Our unique service includes assisting firms to resolve customers’ complaints, delivering great consumer outcomes and managing regulatory interventions.

We also help firms’ clients to secure redress for poor advice by other advisers.

Speak to our team to find out more ➡️ https://loom.ly/yfASri8

This Time Last year – 10th August 2022

💷 Bank Rate 1.75%
📈 Inflation 9.8%
🏛 FTSE 100 7,489
👮Biggest FCA Fine £107.8 Million (Santander UK)
₿ Bitcoin Value £19,097

Today – 10th August 2023

💷 Bank Rate 5.25%
📈 Inflation 7.95%
🏛 FTSE 100 7,586 (11:30AM)
👮 Biggest FCA Fine £17.2 Million (ED&F Man Capital Markets Ltd)
₿ Bitcoin Value £23,104 (11:30AM)

And on this day in 1793, the Louvre opened in Paris, and it later became the most-visited museum in the world.

Here is just one example of a client we’ve helped.

🛑 Client Issue: Historic complaint raised by Claims Management Company
✅ Jencap Resolution: Dealt with FOS. Case successfully closed.

It’s not too late to get expert advice.

Our unique service includes assisting firms to resolve customers’ complaints, delivering great consumer outcomes and managing regulatory interventions. We also help firms’ clients to secure redress for poor advice by other advisers.

Speak to our team to find out more ➡️ https://loom.ly/yfASri8

See all of our reviews 👉 https://loom.ly/yfASri8what-weve-done/

“Action is the foundational key to all success.”

From everyone at Jencap Partners, we hope you have a great weekend!

As widely expected, the Bank of England raised it’s base rate by 0.25%, to 5.25%.

Thank you to all those who registered their predictions with us, however, what will happen next? Will the rate increase again or are we nearing its peak?

The next update will be on Thursday 21st September 2023.

📈 5.25% Current Bank Rate
🗓 Next Update – 21 September 2023

“A negative mind will never give you a positive life.”

From everyone at Jencap Partners, we hope you have a great weekend!

This Time Last Year – 28th July 2022

💷 Bank Rate 1.25%
📈 Inflation 10.1%
🏛 FTSE 100 7,345
👮 Biggest FCA Fine £107.8 Million (Santander UK)
₿ Bitcoin Value £19,594

Today – 28th July 2023

💷 Bank Rate 5.0%
📈 Inflation 8.65%
🏛 FTSE 100 7,701 (11:30AM)
👮 Biggest FCA Fine £17.2 Million (ED&F Man Capital Markets Ltd)
₿ Bitcoin Value £22,748 (11:30AM)

On this day in 1914, Austria-Hungary leveraged the assassination of the Austrian archduke Francis Ferdinand as a justification to issue an uncompromising ultimatum to Serbia. This act eventually led to Austria-Hungary declaring war on Serbia, thus igniting the flames of World War I.

Currently, the Bank of England base rate is 5.00%, however, next Thursday, we’ll find out the latest update.

Will the rate increase further still? How much by? Or will it stay the same?

📈 5.0% Current Bank Rate
🗓 Next Due 3rd August 2023

Claims Management Company pursuing a vexatious complaint?
Contact the experts in dispute management.

Speak to our team to find out more ➡️ https://loom.ly/cY3RJYg

“Life is 10% what happens to you and 90% how you react to it.”

From everyone at Jencap Partners, we hope you have a great weekend!

This Time Last Year – 20th July 2022

💷 Bank Rate 1.25%
📈 Inflation 10.1%
🏛 FTSE 100 7,264
👮 Biggest FCA Fine £107.8 Million (Santander UK)
₿ Bitcoin Value £19,402

Today – 20th July 2023

💷 Bank Rate 5.0%
📈 Inflation 8.65%
🏛 FTSE 100 7,645 (1PM)
👮 Biggest FCA Fine £17.2 Million (ED&F Man Capital Markets Ltd)
₿ Bitcoin Value £23,492 (1PM)

And on this day in 1969, the Eagle lunar landing module, carrying U.S. astronauts Neil Armstrong and Edwin (“Buzz”) Aldrin, landed on the Moon. Several hours later Armstrong became the first person to set foot on its surface.

“Go the extra mile. It’s never crowded there.”

From everyone at Jencap Partners, we hope you have a great weekend!

We occasionally get asked to pick up the pieces when a firm “gets into difficulty” with a complaint.

It’s never too late to get expert advice regarding a grievance or an Ombudsman investigation, but if a firm is embarking on managing a complaint, don’t do the following ➡️ https://loom.ly/JjDWWug

How not to manage a complaint – Jencap Partners We occasionally get asked to pick up the pieces when a firm “gets into difficulty” with a complaint. It’s never too late to get expert advice regarding a grievance or an Ombudsman investigation, but if a firm is embarking on managing a complaint, don’t do the following.

The total fines levied by the Financial Conduct Authority (FCA) in 2022 totalled £215,834,156 with the number of penalties doubling from those issued in 2021.

Largest FCA fines in 2023

1️⃣ ED&F Man Capital Markets Ltd (fined £17,219,300)
2️⃣ Guaranty Trust Bank (UK) Limited (GT Bank) (fined £7,671,800)
3️⃣ Al Rayan Bank PLC (fined £4,023,600)

See the top 10 FCA fines of 2022 ➡️ https://loom.ly/jt277Nc

This Time Last Year – 10th July 2022

💷 Bank Rate 1.25%
📈 Inflation 10.1%
🏛 FTSE 100 7,196
👮 Biggest FCA Fine £107.8 Million (Santander UK)
₿ Bitcoin Value £17,350

Today – 10th July 2023

💷 Bank Rate 5.0%
📈 Inflation 8.65%
🏛 FTSE 100 7,303 (3PM)
👮 Biggest FCA Fine £17.2 Million (ED&F Man Capital Markets Ltd)
₿ Bitcoin Value £23,624 (3PM)

And on this day in 2019, German automaker Volkswagen ended production of the Beetle, the first model of which had been introduced in 1938.