Financial Conduct Authority (FCA)
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Opinion 26 AprWhat'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.
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Finance 21 AprFCA 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.
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Finance 12 AprFCA will ‘pull no punches’ with car retail’s Appointed Representatives
The Financial Conduct Authority (FCA) will “pull no punches” when its sets new guidelines for the car retail sector’s Appointed Representative (AR) model for financial services.
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Finance 7 AprFCA expands team to target ‘problem’ firms
The Financial Conduct Authority (FCA) is cracking down on problem firms with a larger team.
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Finance 15 Feb
New FCA buy-now-pay-later terms result in customer refunds
New terms on buy-now-pay-later (BNPL) finance products introduced by the Financial Conduct Authority (FCA) have resulted in late payment fees being refunded to customers.
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Finance and insurance 4 FebFixed 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.
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Finance and insurance 3 FebFCA'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.
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Finance 4 Jan
Insurers banned from quoting customers a higher price for renewals
Insurers have been banned from quoting customers a higher price for renewing their motor and home insurance, than they would pay if they were a new customer.
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Supplier News 17 DecHonda MD, FCA impact, Tesla Model Y driven - in the latest AM magazine
The latest issue of AM magazine is published today with insights into the impact of FCA changes to finance rules, Honda's next stage in its retail network redesign and a first drive of the new Tesla Model Y.
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Finance 7 Dec
FCA's new Consumer Duty renews motor finance focus on foreseeable harm
The Financial Conduct Authority will set new rules for regulated financial services including motor finance by mid-2022 as it aims to “fundamentally shift the mindset of firms”.
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Finance 11 OctNew technology can transform customer acceptance rates
Delegates at AM Live will learn how new finance technology can be used to help boost customer acceptance rates and increase Finance Conduct Authority (FCA) compliance at the same time.
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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 Jul
New 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.
