General Insurance under the FCA spotlight
A number of areas of General Insurance (GI) including GAP and scratch and dent insurance have come under new FCA scrutiny in recent weeks...
FCA to ban car dealer's discretionary finance commission
The Financial Conduct Authority (FCA) has opened a consultation in a bid to ban car retailers’ discretionary finance commission model –...
Insurance Distribution Directive - CPD training - Are you ready?
Under the Insurance Distribution Directive which came into force on the 1st October 2018, any sales staff and anyone else involved in...
PPI 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...
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...
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...
‘Transparent and responsible lending’ central to FCA motor finance investigation
The Financial Conduct Authority has re-stated its intention to focus on transparency, affordability and car dealers' comission...
Staff incentives, remuneration and performance management in consumer credit firms
In July 2017, the FCA consulted on non-handbook guidance in consultation GC17/6. The consultation sought views on guidance to assist...
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...
Important FCA action ‘does not harm’ vehicle sales, says NFDA
FCA action to tackle perceived “conflicts of interest and irresponsible lending” in motor finance must be proportionate and not harm...
