Compliance & risk management - Page 6
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Executive View: The EV skills shortage will hinder Europe’s energy transition
Electric vehicles have been around for a decade yet owners are driving around in circles when finding specialist technicians to fix their motors, according to Marc Russell, chief commercial officer of FixMyCar.
Chancellor Reeves’ first budget ushers £40bn in tax rises, amid fiscal shift
Chancellor Rachel Reeves’ first Budget represents a significant shift in fiscal policy, addressing the UK’s considerable funding gap with £40 billion in new tax rises alongside targeted spending cuts.
Car loan providers must prioritise clear commission disclosure since court ruling, say experts
Clear, upfront disclosure of commission to ensure informed consent will be critical for providers of motor finance following last week’s shock Court of Appeal decision which saw several major industry names suspend lending in order to take stock of the implications of the ruling.
Record surge in service and repair complaints as motorists turn to ombudsman amid rising costs
The Motor Ombudsman’s latest quarterly report reveals a record increase in service and repair complaints from consumers, reflecting growing awareness of consumer rights and the economic pressures that are prompting many motorists to seek dispute resolution.
Close Brothers shares hit as car loans commissions ruling spooks investors
Shares in Close Brothers have taken a sharp hit in the wake of a landmark ruling by the Court of Appeal, which determined that motor finance brokers must provide full disclosure on commissions when arranging car loans.
Production falls by 20.6% in September amid shift to zero-emission models
Car manufactured in the UK suffered a significant decline of 20.6% in September, with 70,039 units rolling off production lines, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).
LSH Auto launches menopause support initiative to foster workplace inclusivity
LSH Auto is leading the way in supporting employees through menopause, unveiling a new policy, toolkit, and training as part of its broader commitment to equality, diversity, and inclusion.
Mfldirect to support automotive charity Ben with every vehicle sale
Wholesale vehicle supplier Mfldirect has announced a new partnership to donate a portion of every used vehicle sale to industry charity Ben, which could mean raising £108,000 over the course of the six-month initiative.
World Mental Health Day: stress and sleeplessness hurt UK automotive workers
Today is World Mental Health Day and this year's theme is 'workplace mental health', which is why the automotive charity Ben is raising awareness about mental health within this industry so that automotive people get the support they need.
Transport secretary Louise Haigh on bringing down EV costs for consumers
Transport Secretary Louise Haigh said the UK Government "wants to make EVs as affordable as possible" and it sees big fleet deals as an advantage in bringing more low priced used EVs into the market for private motorists.
Executive View: The issue is that we're battling a rational consumer
The Government's aims for zero carbon motoring will need to do more to convince a general public which is happy to be greener if it doesn't cost them more money or time, notes AM's regular columnist Professor Jim Saker, president of the Institute of the Motor Industry.
Executive View: Lack of SAF accreditation is a deal-breaker for FLA car loans providers
Dealerships risk a halt to their car loans provision in 2025 if they've not put staff through the Specialist Automotive Finance accreditation programme, warns Lisa Watson, sales director at Close Brothers Motor Finance.
The Motor Ombudsman's New Car Code remains vital in safeguarding buyers' rights
Two decades since receiving the green light from the then Office of Fair Trading to act as the go-between for the car buyers and manufacturers, automotive watchdog The Motor Ombudsman is busier than ever.