commissions
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Finance and insurance 18 JanWhy the Financial Ombudsman Service rulings prompt a FCA probe into discretionary commission car loans
Two recent car loan misselling cases heard by the Financial Ombudsman Service (FOS) against Black Horse Motor Finance and Barclays Partner Finance have been mentioned by the FCA as particularly influencing its decision to dive deeper into this issue.
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Finance 11 JanFCA to probe historic discretionary commission paid to dealers and motor finance brokers
Historical arrangements used by motor finance firms to pay commission to car dealers and brokers are being reviewed by the Financial Conduct Authority in case consumers have not been treated fairly.
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Finance 28 Feb
FCA chief Andrew Bailey updates motor industry on affordability and commission risks
The Financial Conduct Authority expects to publish an update on its examination of motor finance next month.
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Finance 19 MayCarsnip guarantees dealers' finance commission through Oodle partnership
Oodle Finance and Carsnip have teamed up to form a new partnership which guarantees car dealers commission payments from sales made via the online retail platform.
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Market Insight 27 AprHoliday pay calculations to include commission, rules Employment Tribunal
The Employment Tribunal has ruled that UK law can be rewritten to reflect commission in holiday pay - but has left car dealers with unresolved issues.
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