commission
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Finance 11 JanWhy is the FCA concerned about car loan commission?
The Financial Conduct Authority has announced it is looking deeper at historical agreements between motor finance companies and their brokers or car dealers because of mounting complaints, some of which have been upheld by the Financial Ombudsman Service. But what is causing its concern?
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Retailing 11 JunWhat does a target-free agency model future hold for franchised car dealers?
The benefits of an agency-style model, where the new car journey is managed online and manufacturers pay a handling fee to retailers, largely outweighs the disadvantages, according to senior executives at dealer groups already experiencing mixed commissions at work in their businesses.
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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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Supplier News 20 NovFCA finance insight, Rainworth's growth and lockdown 2 impact in AM December magazine
Our new December 2020 issue of AM magazine is out now here with vital insights into January's FCA motor finance changes and a study of lockdown 2's impact on car dealers.
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Finance 8 JunFCA delays start of new motor finance rules
Coronavius crisis has meant FCA is putting back the release of car finance findings
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Finance 9 DecKew Vehicle Leasing embraces commission payment disclosure
Kew Vehicle Leasing claims to have become the first leasing broker to openly disclose the amount of finance commission it receives on all regulated Personal Contract Hire (PCH) agreements.
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Finance 15 OctDealers will disclose commission under new FCA motor finance plan
The Financial Conduct Authority has considered whether to force car dealers to tell their customers about the way they earn commission from selling motor finance and the amounts they earn.
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Finance 4 MarSome finance commissions face ban as Financial Conduct Authority publishes its motor finance review
The Financial Conduct Authority is considering banning certain commission models in the motor finance sector due to its concerns about harm to consumers.
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Finance 9 Apr
‘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 arrangements in its Business Plan 2018/19 as an investigation continues into the motor finance sector.
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