Financial Conduct Authority (FCA)
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Finance 10 Sep
FCA gains power to remove unused permissions
The Financial Conduct Authority has new powers to remove unused permissions from the Financial Services register more quickly.
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Finance 30 JulNew FCA proposals target more ‘assertive’ decision-making
Faster and more assertive decision making in relation to non-compliance issues are at the heart of a series of changes proposed by the Financial Conduct Authority (FCA).
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Finance and insurance 7 JulAre car retail’s new FCA regulations having the desired effect?
Six months on from the introduction of new Financial Conduct Authority (FCA) regulations, automotive retailers should be starting to see an impact on average commission levels as they adapt to a new way of working.
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Car Dealer News 2 JulLookers CEO Mark Raban is positive after overcoming PLC’s ‘perfect storm’
Lookers chief executive Mark Raban has told AM that he is positive about the group’s future after overcoming a “perfect storm” of legacy issues and COVID-19 to report positive 2020 annual financial results.
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Car Dealer News 1 JulLookers eyes future with confidence after publishing 2020 financial results
Lookers has said that it can now “look to the future with confidence” after emerging from the most challenging period in its history.
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Supplier News 22 JunGrowth in the face of COVID-19 an ‘unexpected positive’, says Alphera boss
A 21% rise in finance applications was not what Alphera Financial Services head Preston Rogers anticipated when he was tackling the fall-out of COVID-19 in 2020 – but that is what the business delivered.
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Supplier News 18 JunUsed car market trends, Inchcape interview and more: New AM magazine
The July Issue of AM magazine is here, with insights into Inchcape UK's downsizing, the "unprecedented" used car market, the impact of FCA revisions on dealers' point of sale finance, and more.
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Finance 9 JunCodeweavers and Experian in car finance tie-up
Car dealership customers will be able to look at financing options without affecting their credit score due to a new partnership between Experian and Codeweavers.
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Finance 4 JunFCA takes action to boost competition in motor insurance
Insurers are in the Financial Conduct Authority's sights as it brings in new steps to stop consumers being penalised for loyalty to their motor insurers.
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Finance 17 May
FCA focuses on finance T&Cs and 'fair value' with new Consumer Duty
The Financial Conduct Authority (FCA) is set to focus its efforts on clarifying the terms and conditions of finance agreements and making it easier for customers to complain in a new Customer Duty.
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Finance 19 MarDealers urged to prepare for car buyers' interest in commission rates
MotoNovo has urged dealers to ‘be prepared’ for car buyers' greater levels of interest in a dealer’s finance commission.
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Car Dealer News 2 MarLookers avoids sanctions as FCA closes investigation into ‘possible mis-selling’
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
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People News 26 Feb
Stephanie Cohen named as Financial Conduct Authority’s new COO
The Financial Conduct Authority (FCA) has made a number of senior appointments, including naming a new chief operating officer.
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Finance 11 Feb
Coronavirus leaves more than a quarter of UK adults with low financial resilience
More than a quarter of adults in the UK characteristics of vulnerability such as poor health, low financial resilience or recent negative life events
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Market Insight 18 Jan
COVID-19 business interruption claims to be ‘settled quickly’ after court ruling
Thousands of business interruption (BI) insurance policy pay-outs contested by insurers who claimed that they did not include COVID-19 cover will be paid out following a ruling in the Supreme Court.
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Finance 14 Jan
FLA welcomes FCA decision to resume car finance repossessions
The Finance and Leasing Association (FLA) has welcomed changes to Financial Conduct Authority (FCA) legislation which will allow motor finance firms to resume car repossessions from motorists who miss regular repayments.
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Finance and insurance 23 DecDealers 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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People News 14 Dec
New head of consumers and competition at FCA finance watchdog
The Financial Conduct Authority has appointed Sheldon Mills as its first executive director for consumers and competition, in a newly created post.
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Opinion 16 Oct
Lookers to publish 2019 results in November after 13.6% Q3 cars sales growth
Lookers has reported that trading in Q3 resulted in underlying PBT “significantly ahead of last year” to largely offset losses recorded in a COVID-19 impacted first half of 2020.
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Finance 15 Oct
FCA to move from Gabriel to RegData for regulatory reporting
The FCA is replacing its Gabriel regulatory reporting system with RegData starting from October 17 and 18.
