Finance and insurance
Finance and insurance News
- Growth in the face of COVID-19 an ‘unexpected positive’, says Alphera boss
- Evolution Funding appoints Daniel Reeve as chief technology officer
- Škoda includes servicing and tyres in Lease&Care finance option for Enyaq EV
- Used car market trends, Inchcape interview and more: New AM magazine
- Codeweavers and Experian in car finance tie-up
- Vavoom targets electric vehicle adopters with 'climate positive' offer
- Consumer car finance market to grow 19% in 2021, says FLA
- FCA takes action to boost competition in motor insurance
- Honcho services to be integrated into SilverBullet’s online sales platform
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A consumer credit challenge in 2021
Coronavirus has driven an uplift in motor finance digital applications this year, but 2021 looks set to bring further effects for dealerships regulated by the Financial Conduct Authority (FCA). Here AM examines three key impacts.
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Keeping motor finance safe to trade
In early 2021 the Financial Conduct Authority's ban on discretionary commission in motor finance will kick in. AM examines the impact on motor retailers.
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Dealers get set for disclosure and accountability in motor finance
The Financial Conduct Authority is keen for motor retailers providing consumer credit to be upfront about earning finance commission
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How are motor retailers coping under SMCR?
The FCA replaced its ‘authorised person’ credit compliance system for car dealers with the Senior Managers & Certification Regime (SMCR) on December 9
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Dealers have weeks to argue against new FCA disclosure rules
Financial Conduct Authority says proposed rules on commission disclosure are designed to give buyers more clarity
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What’s next in the FCA’s commission crackdown?
A ban on interest-linked commissions will level the playing field, says Financial Conduct Authority
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Insurance add-on suppliers resilient in face of FCA attention
Leading insurance add-on companies aren’t blinking as the FCA takes increased interest
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Is cash king for car dealers?
Dealer groups are increasingly shedding debt and reviewing working capital practices to brace against falling sales and an unpredictable political landscape
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How the FCA motor finance review affects automotive retailers
The Financial Conduct Authority’s findings on commissions, information disclosure and affordability have big implications for the motor retail industry
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The case for full commission disclosure
FCA clarity on commission fees is good news, say most industry observers
