Finance
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People News 25 JanMotoNovo appoints Chris Adams to leadership team
MotoNovo Finance has appointed Chris Adams to the newly created position of director of pricing and portfolio performance.
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Finance 24 JanFCA sends in independent expert to car loans firms for commission probe
The Financial Conduct Authority has appointed a third-party independent expert to consult with car loans firms as the regulator progresses its review of historic discretionary commission arrangements.
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Opinion 24 JanExecutive View: Sustainability and preparing for the CSRD
Bill Brower, Solera’s SVP of industry relations & claims, regulation applies to the B2B world as much as within the consumer space.
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Finance 23 JanClose Brothers signs five-year premium finance deal with Hedron insurance brokers
Close Brothers Premium Finance has signed a new five-year contract with Brown & Brown’s UK network business Hedron Network.
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Finance 19 JanPolitical decisions will prove critical to electric vehicle uptake after General Election
The success of the EV market could pivot on two big political issues: the prospect of subsidies and the outcome of the forthcoming General Election.
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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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Acquisitions and deals 16 JanCarmoola raises further £15.5m in venture capital
Carmoola, the online car finance start-up has secured a further £15.5 million in venture capital funding.
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Opinion 12 JanExecutive View: Delivering the vision
Whether a manufacturer or dealer, maintaining competitive advantage is no longer about the cars you make and sell; it’s about product, service and brand
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Finance 12 Jan
FCA could plan system for mass claims on unfair car loan commissions
The Financial Conduct Authority could implement a simplified claims process if it deems there has been widespread unfair treatment of car buyers due to discretionary commission agreements between lenders and car dealers or brokers.
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Finance 11 Jan
FCA 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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Opinion 21 DecExecutive View: Vulnerable customer identification under the FCA's Consumer Duty
The pressure on UK motor retailers to identify vulnerable customers ahead of the motor finance sales process has increased since the arrival of the latest regulatory regime, and Jonathan Barrett, chief executive of Comentis, shares his thoughts on what this means for regulated firms.
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Finance 20 DecWatchdog mulls fees for claims management firms
The UK financial watchdog is considering imposing fees on claims management companies after complains about motor finance surged
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Finance 19 DecGreater regulator scrutiny expected as finance complaints double
Dealers should prepare for a potentially higher level of scrutiny from regulators following news that complaints about motor finance agreements have doubled.
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Finance 19 DecFactor Sales appoints Jenner to head business development
Aftermarket measurement data provider Factor Sales has appointed Alex Jenner as its new business development manager.
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Finance 18 DecSantander Consumer Finance appointed BYD finance partner
BYD UK has appointed Santander Consumer Finance as its dealer finance partner.
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Finance 6 DecCarmoola brings Apple Pay to the car finance industry
Car finance fintech Carmoola is claiming achieved an industry-first integration with Apple Pay allowing customers to pay directly through their Apple Wallet.
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Opinion 29 NovExecutive View: The Consumer Duty, beyond the deadline
Phillip Williams, founder and non-executive director at Oodle Car Finance, looks at what Consumer Duty means in practice and offers some pointers on navigating the new regulations.
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Finance and insurance 24 NovHelp for dealers on making every F&I revenue stream count
While watched by the Financial Conduct Authority, finance and insurance still delivers welcome profit for car dealers. Debbie Kirlew reports
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Opinion 24 NovExecutive View: Car usership versus car ownership the future of mobility?
Mike Todd, chief executive of Volkswagen Financial Services UK, ponders the need for motor retail to offer options which cater for all preferences, now and in the future.
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Finance 22 NovNorthridge Finance appoints Spencer Halil as managing director
Northridge Finance has appointed Spencer Halil as managing director, replacing James McGee who announced his intention to retire earlier this year.
