Compliance & risk management - Page 10
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IGA and NFDA slam suggestions Government could scrap annual MOTs
The Independent Garage Association (IGA) has slammed suggestions from Transport Secretary Grant Shapps that the UK Government could scrap annual vehicle MOT tests in a bid to tackle the cost of living crisis.
What's next for dealers' Appointed Representative status?
Tara Williams, chief risk and compliance officer, AutoProtect Group, shares some insights into the likely impact of the Financial Conduct Authority shining the spotlight on finance and insurance's appointed representatives and their principals.
FCA to examine gender and ethnic diversity on firms' boards and committees
The Financial Conduct Authority will ask listed companies to explain their reasons if they are unable to meet new targets it has set for gender and ethnic diversity at boardroom level.
Fixed rate finance model makes franchised car retailers 'transparent and fair'
The future of franchised retailers’ motor finance FCA ruling on discretionary commissions has lead to greater transparency, but few dealers are reporting any noticeable variation to income as a result.
FCA's new Consumer Duty makes transparency and consistency vital in car finance
With December’s publication of the Financial Conduct Authority’s (FCA) second consultation on its new all-encompassing Consumer Duty protocols and the automotive retail sector now subject to commission disclosure regulations, motor finance has once again been reassessing how it operates.