What has replaced the Office of Fair trading?

Regulation for the consumer credit industry passed from the OFT to the new Financial Conduct Authority (FCA) from April 2014.

What are the UK trading standards?

Trading Standards – Who are they and how can they help? – DWS Solicitors. Trading Standards are a government service that make sure that consumers are protected from unfair trading and allow them to successfully support businesses that are legitimate.

How do I make a complaint to trading standards UK?

Contact us
  1. Trading standards advice. England and Wales – 0808 223 1133 Welsh Speaking adviser 0808 223 1144 Website information or Online form for complaints and advice. …
  2. Membership. 01268 582228 [email protected].
  3. Sales and marketing. 01268 886697 [email protected].

How many trading standards authorities are there in the UK?

116 authorities
The survey identified a total of 1029.9 qualified trading standards staff across 116 authorities in England, Scotland and Wales.

What are the 8 basic rights of the consumers?

The eight consumer rights are: The right to satisfaction of basic needs – to have access to basic, essential goods and services such as adequate food, clothing, shelter, health care, education, public utilities, water and sanitation.

Can I email Trading Standards UK?

If you are a trading standards professional or a government department please email [email protected] and the relevant member of the programme office will get in touch.

What legislation is enforceable by Trading Standards?

Most consumer protection legislation is enforced by the Trading Standards department of local authorities. Each council will maintain an investigations and enforcement policy in accordance with The Regulators’ Code. The Code applies to all non-economic regulators, including local authorities.

Can Trading Standards get your money back?

Trading Standards use the information you give them to investigate unfair trading and illegal business activity, like rogue traders and scams. Trading Standards can take businesses to court or stop them operating, but they won’t help you fix your problem – for example, they can’t help you get a refund.

What happens if you break Trading Standards?

the trader will have a criminal record. a punishment or sentence. Trading standards offences can usually be punished with a fine, and in many cases the amount is unlimited. For the most serious cases imprisonment is an option, with maximum periods of up to two years for some trading standards offences.

What are Trading Standards officers?

Trading standards officers (TSOs) work for local councils advising on consumer law, investigating complaints and, if all else fails, prosecuting traders who break the law. These laws cover a wide area, which includes: consumer safety. counterfeit goods. product labelling.

What areas are covered by Trading Standards?

National Trading Standards gathers intelligence from around the country to protect businesses and consumers from criminal activity and tackle a number of priorities. These currently cover e-crime, mass marketing scams, doorstep crime, and other enforcement issues that go beyond local authority boundaries.

What Organisation is responsible for maintaining Trading Standards?

The Trading Standards Service (TSS) and Consumerline are concerned above all to ensure the safety and well-being of our staff and all those it engages with, while continuing to do its utmost to help ensure that consumers and businesses are protected from unfair and rogue trading practices.

What qualifications do I need for trading standards?

You can apply for work as a trainee trading standards officer with a local authority. You’ll then study towards professional qualifications on the job, and work your way up to trading standards officer. You’ll usually need 5 GCSEs at grades 9 to 4 (A* to C), including maths.

How do I report tradesman to trading standards?

You can’t usually report the trader to Trading Standards directly – you’ll need to contact the Citizens Advice consumer helpline and they will contact Trading Standards on your behalf.

Who can I complain to about a company?

An ombudsman is a person who has been appointed to look into complaints about companies and organisations. Ombudsmen are independent, free and impartial – so they don’t take sides. You should try and resolve your complaint with the organisation before you complain to an ombudsman.

How much do trading standards earn?

Salaries for trainee TSOs within local government typically range from £19,000 to £24,000. Once fully trained, you can earn £25,000 to £35,000, depending on your experience. For senior TSOs salaries typically range from £35,000 to £50,000. Experienced senior TSO managers can earn in excess of this.

How do I become a financial trader UK?

You are required to become an approved person by the FCA. Relevant FCA-approved qualifications for traders, e.g. the International Certificate in Wealth and Investment Management, which is assessed by a multiple-choice examination, is offered by the Chartered Institute for Securities & Investment (CISI).

What does a consumer protection officer do?

You will be responsible for performing a range of activities across the full remit of Trading Standards including investigating consumer complaints, undertaking complex investigations, delivering business advice, working with Primary Authority partners and building relationships with stakeholders and other colleagues …

How do I contact trading standards in Scotland?

0808 164 6000

To report a consumer issue, please contact your local trading standards office.

Can you become a trader without a degree?

Education Requirements for Aspiring Traders

This may come up as a surprise, but no formal education is required for stock traders and brokers. Most companies, though, prefer to employ traders with a Master of Business Administration (MBA) or a Bachelor in finance or business, as well as a stock broker’s license.

How much does a junior trader earn UK?

Junior Trader Salaries
Job TitleSalary
UBS Junior Trader salaries – 5 salaries reported£57,479/yr
Mandara Junior Trader salaries – 4 salaries reported£26,434/yr
Onyx Capital Group Junior Trader salaries – 4 salaries reported£44,185/yr
Lloyds Banking Group Junior Trader salaries – 3 salaries reported£31,000/yr

Who are called traders?

What Is a Trader? A trader is an individual who engages in the buying and selling of financial assets in any financial market, either for themself or on behalf of another person or institution.