The Financial Conduct Authority (FCA) has assessed the key harms and drivers of harm caused by Appointed Representatives (ARs) who undertake credit broking.
Commissions, Consumer Duty and Co-manufacturers dominated the agenda of the first BVRLA Compliance Forum of 2024. Taking place at the Shoosmiths offices in Birmingham on 18 April, the Forum welcomed around 60 guests for a lively exchange on compliance matters, injecting fresh perspectives and forging connections.
The BVRLA Learning and Development team is rewarding members for booking training courses in advance, with the introduction of a £100 early bird discount.
Clarification is being sought on whether motor dealer brokers could be considered co-manufacturers under the terms of Consumer Duty. The Finance & Leasing Association (FLA) has contacted the Financial Conduct Authority (FCA) for further information on how Consumer Duty will be applied in the motor finance market.
The Financial Conduct Authority (FCA) has written to motor finance firms regarding the financial impact of its review into historical commission arrangements. Firms are being prompted to set budget aside to handle and resolve complaints that may arise as a result of the review.
Crucial topics such as the Financial Conduct Authority (FCA)’s review on Discretionary Commission Arrangements (DCAs), Consumer Duty and Salary Sacrifice Excellence will take centre stage at the first Compliance Forum of 2024. Scheduled for Thursday 18 April in Birmingham, the half-day event will feature expert speakers, panel discussions and audience Q&As.
Make sure you attend the BVRLA’s Industry Outlook webinar next week to gain insights into what lies ahead for the remainder of 2024. Join expert speakers as they discuss the latest trends in insurance, advancements in technology, and shifts in legislation. In a concise 40-minute session, attendees will receive a comprehensive overview of the key developments that may influence rental business in the coming months.
The Financial Conduct Authority (FCA)’s ‘pragmatic’ approach to Consumer Duty enforcement was a feature of a recent speech delivered by Chief Executive Nikhil Rathi. Speaking at the recent Morgan Stanley European Financials Conference, Rathi looked at the FCA’s regulatory approach to deliver for consumers, markets, and competitiveness.
Gearing up for a General Election, the Chartered Trading Standards Institute (CTSI) and Tourism Alliance have published their Manifestos with asks for the next Government.
The first Compliance Forum of 2024 will take place on Thursday 18 April in Birmingham. Current subscribers are guaranteed two spots but need to confirm their attendance, while a limited number of tickets are available for new sign ups.
Prepare your rental operations staff for the upcoming challenges this year may bring, with the BVRLA Rental Operator Skills Assessment. It will provide your staff and customers with confidence that they are the most skilled providers of rented vehicles.
The Financial Conduct Authority (FCA) has published good practice and areas for improvement regarding Consumer Duty. Having reviewed progress to date, the authority has said it “welcomes the improvements made by many firms to deliver better outcomes for their customers. However, some firms are lagging behind.”