The Financial Conduct Authority (FCA)’s ‘pragmatic’ approach to Consumer Duty enforcement was a feature of a recent speech delivered by Chief Executive Nikhil Rathi. Speaking at the recent Morgan Stanley European Financials Conference, Rathi looked at the FCA’s regulatory approach to deliver for consumers, markets, and competitiveness.
The first Compliance Forum of 2024 will take place on Thursday 18 April in Birmingham. Current subscribers are guaranteed two spots but need to confirm their attendance, while a limited number of tickets are available for new sign ups.
The Financial Conduct Authority (FCA) has published good practice and areas for improvement regarding Consumer Duty. Having reviewed progress to date, the authority has said it “welcomes the improvements made by many firms to deliver better outcomes for their customers. However, some firms are lagging behind.”
The Financial Conduct Authority (FCA) is surveying large advice firms to see how they have implemented the Consumer Duty regulations since it came into force last summer.
Last week’s episode of the Martin Lewis Money Show shone a spotlight on consumer rights relating to motor finance, focusing on the Financial Conduct Authority (FCA)’s Motor Finance Review into Commissions.
The Financial Conduct Authority (FCA) has issued a reminder to regulated members to check their reporting requirements and their accounting reference date.
Using the BVRLA’s Specialist Automotive Finance (SAF) e-Learning package, members can refresh knowledge of financial products to ensure their firm’s compliance with motor finance legal and regulatory requirements.
The Financial Conduct Authority has announced that it will be undertaking work in the motor finance market following an increase in the number of complaints from customers. The authority will be using its powers of intervention to consider complaints relating to Personal Contract Purchase (PCP) and Hire Purchase agreements.
The BVRLA leasing fleet has reached a six-year high, recording 2.2% year-on-year growth to approach levels last seen in Q4 2017. The association’s latest Leasing Outlook Report shows the total lease fleet nudging above 1.9m vehicles thanks to increased demand for leased vans and Business Contract Hire (BCH) cars.