FCA
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Black Horse Market Insight 14 JanFCA acknowledges professionalism of dealer finance sales
My key reflection is that the market has progressively adopted higher standards over the past three years.
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Opinion 12 NovTime to be open about dealer finance expertise, a guest opinion
With the Financial Conduct Authority (FCA) set to publish the findings of its review of the motor finance sector in November, it’s fair to say that car dealer sales practices have never been under greater scrutiny than over the last 12 months.
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Opinion 2 NovIs PCP dead? A guest opinion
The days of owning a car are numbered. It’s not about ownership anymore – it’s about usership.
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Opinion 30 OctGuest opinion: Time to be open about dealer finance expertise
Alphera Financial Services comments on the upcoming FCA findings of the motor finance sector and urges dealers to be more transparent with financial information
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Finance 24 OctNew FCA compliance standard places demand on training
Car retailers have been warned not to breach the Financial Conduct Authority’s new Insurance Distribution Directive, which demands increased staff training in a bid to enhance consumer protection.
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Finance 13 SepPPI lawyers ready to react to FCA’s verdict on PCP car finance
Lawyers who led large-scale PPI mis-selling claims are poised to turn their attention on PCPs following the conclusion of the Financial Conduct Authority’s (FCA) investigation into car finance, it has been claimed.
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Finance 7 Sep
Car buyers’ lack of finance understanding presents ‘high potential for mis-selling’
Car buyers’ lack of awareness about car dealers’ obligations when selling finance products suggests a “high potential for mis-selling of F&I products”, according to Alphera Financial Services.
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People News 6 Sep
FCA appoints CMA's Sheldon Mills as director of competition
The Financial Conduct Authority (FCA) has appointed Competition and Markets Authority (CMA) director Sheldon Mills as its new director of competition.
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Supplier News 4 Sepfindandfundmycar.com announces free advertising for dealers
Findandfundmycar.com has announced that it will “break free from tradition” by offering zero-cost advertising to dealers.
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Finance 31 AugAston Martin Financial Services signs up UK dealer network for Alphera F&I accreditation
Aston Martin Financial Services has signed up its UK dealer business managers to the new Finance and Insurance Accreditation Pathway developed by Alphera Financial Services in partnership with the Institute of the Motor Industry (IMI).
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Market Insight 1 Aug
Car dealers' GAP sales fall 16-23% following FCA compliance legislation
The Financial Conduct Authority has revealed that its GAP insurance sales legislation has led to an average fall in car dealers’ sales of between 16 and 23%.
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Finance 20 Jul
Motor finance commission structures remain under FCA scrutiny
Car buyers’ ‘increasing arrears and default rates for customers with the lowest credit scores’ are among areas of consumer credit which remain a concern, the FCA has stated in its annual report.
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Finance 4 JulFCA stops 38 dealers offering finance to customers for compliance failures
The Financial Conduct Authority (FCA) has issued 38 final notices to dealers in the first half of this year.
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Finance 10 MayMost consumers don't know car dealers' obligations when selling finance and insurance products - survey
The majority of motorists don’t know that dealers’ sales staff should discuss their financial details when buying a car in finance.
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Technology 4 ApriVendi invests £3m to track customers’ online car buying journey
IVendi has invested more than £3m in a tracking tool, “event store” which will provide a full audit and log of consumer actions online.
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Finance 3 Apr
FCA tackles insurers such as RAC for failing customers at renewal time
The Financial Conduct Authority (FCA) has warned it will take action against insurance firms failing to to promote transparency and shopping around.
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Finance 15 Mar
FCA to continue investigation into motor finance sector
The Financial Conduct Authority has said that it will continue investigations into the “risk of harm” posed by motor finance, with its final findings expected to be delivered in September.
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Finance 28 Feb
FCA chief Andrew Bailey updates motor industry on affordability and commission risks
The Financial Conduct Authority expects to publish an update on its examination of motor finance next month.
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Finance 18 Jan
Car finance growth defies ‘negative narrative’ on PCPs in 2017
Household expenditure on vehicle ownership defied the negative narrative surrounding PCP car finance products with an increase of 47.7% in spending on “hire loan purchase agreements” during 2017.
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Finance 10 Jan
Finance mis-selling could create ‘perfect storm’ in 2018
Finance mis-selling will create ‘perfect storm’ in 2018 according to the boss of fleet management business who has claimed that car dealership sales staff “don’t know how PCP and PCH deals work”.
