| The role of the regulatory bodies in the UK | | | | Service. They also help you on complaints about |
| Financial dealings is very important. We cannot | | | | savings plan and accounts, stocks and shares, and |
| neglect their role in UK Finance. There are many | | | | travel insurance. For more details on the types of |
| regulatory bodies for UK Finance and Auditing. | | | | coverage that is done by them you can visit their |
| Some of them are mentioned here. | | | | website. Before you approach them for resolving |
| A non-governmental independent organization | | | | the issues it is better you complaint to the |
| called the Financial Services Authority (FSA) is | | | | concerned organization first. If the problem is not |
| available in the UK. This UK Finance company is | | | | solved by the organization then you can approach |
| funded by the financial services industry. The | | | | the Financial Ombudsman Service for assistance. |
| policies, plans, and rules of the UK Finance | | | | The public trust office is another regulatory body |
| company are transparent and open. It is funded | | | | related to UK Finance that helps people to control |
| by the companies that it regulates. The website | | | | their money and property. The audit commission |
| of this organization has information for consumers | | | | is another independent regulatory body that is |
| on their rights and regulation. It also gives | | | | responsible for monitoring whether the public |
| information on the financial products available. The | | | | money is spent economically and efficiently. |
| financial services industry in the UK is regulated by | | | | Effective spending is monitored in government |
| FSA. They have enforcement powers and | | | | services, housing and health services. Fire and |
| investigative powers. They have the power to | | | | rescue services and criminal justice services are |
| regulate deposit taking, Insurance investments, | | | | also monitored for spending of the UK Finance. |
| and Mortgage lending and general insurance advice. | | | | The audit commission works closely with the |
| Financial Ombudsman Service is another | | | | Deputy Prime Minister's office, Department of |
| organization the helps the customers to solve any | | | | Health and the National Assembly for Wales. They |
| UK Finance disputes with the financial firms in UK. | | | | aim is to achieve excellence in their work. They |
| Complaints about Banking services, credits cards, | | | | support local democracy and public accountability. |
| endowment policies, health and private medical | | | | You can reach this office in Millbank tower, |
| insurance, mortgages, motor insurance, and | | | | Millbank, London. Visit their website for the latest |
| National Savings & Investments can be done | | | | news and events. |
| with the assistance of Financial Ombudsman | | | | |