We can ensure you stay that way through:
Our permissions allow motor dealers to act as Credit Brokers and sell add-on General Insurance products, from providers of their choice, under the umbrella of Automotive Compliance Ltd, without the requirement of being Directly Authorised by the FCA.
What is the happening in the Regulatory world that affects you?
The Motor Industry needs to know
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 the add-on insurance product of between 16 and 23%.
FCA stops 38 dealers offering finance to customers for compliance failures
Since January this year, 38 motor dealers have received final notices that have been published on the Financial Conduct Authority website and have had their consumer credit permissions cancelled.
FCA Payplans & Incentives
The FCA have published final guidance on how consumer credit firms should manage risks
related to how they pay and manage the performance of their staff.
Motor Dealers should digest this fully and review Pay Plans NOW!
Are you aware that we also work with motor dealers directly authorised by the FCA?
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