Keep up to date with the latest news from the BVRLA. You can browse our complete collection of articles below.
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Webinar explores importance of new Consumer Duty
The Financial Conduct Authority (FCA) has said "The Consumer Duty will lead to a major shift in financial services".
Cost of Living crisis: resources for members
As millions of individuals and firms face increasing pressures from the rising cost of living, the Financial Conduct Authority (FCA) has compiled its relevant resources into a single reference point.
BVRLA emphasises need for Gold Standard with new Consumer Duty
The BVRLA's response to final structure of the FCA's Consumer Duty
Financial Services and Markets Bill published
The Financial Services and Markets Bill was introduced to Parliament last week, delivering the government’s vision for a financial services sector that is globally competitive.
Offer to BVRLA members for APCC Conference
The Association of Professional Compliance Consultants (APCC) has extended an offer to BVRLA members to attend its’ Autumn Conference at the APCC membership rate.
Time to start thinking about your Consumer Duty
The Financial Conduct Authority will be publishing the final draft of its new Consumer Duty rules later this month. The BVRLA will be sharing details as they are published but is urging all members to start reviewing the potential impact on their business now.
Government commits to reform the Consumer Credit Act
Plans to modernise consumer credit laws to cut costs for businesses and simplify rules for consumers were recently announced by the government.
FCA asks firms to support struggling consumers
Many members will have recently received a letter from the Financial Conduct Authority (FCA) reminding them of the standards they should meet as consumers across the country are affected by the rising cost of living.
BVRLA Urges Chancellor to #SeeTheBenefit on Company Car Tax
The BVRLA is urging the Chancellor to support the uptake of electric cars by keeping Benefit-in-Kind rates low and giving foresight beyond the current 2024/25 cut off. Highlighting the success of the tax regime for electric cars to date, the campaign is encouraging industry professionals to write to their local Member of Parliament (MP) to educate them on how company car schemes are democratising the move to EVs.
BVRLA shares tax concerns with Treasury and HMRC
The BVRLA policy team recently met with officials at the Treasury (HMT) and HMRC to discuss what more needs to be done with taxation to support members.
Call for evidence on UK’s Green Finance Strategy
The UK Government has launched a call for evidence, seeking support to update the UK’s Green Finance Strategy.
Industry Outlook - A spotlight on Consumer Duty
In its new Consumer Duty proposals, the Financial Conduct Authority (FCA) wants to ensure a higher and more consistent standard of consumer protection for users of financial services and stop harm before it happens. This webinar is to help members prepare for this major new update to the FCA's regulatory regime. The new rules and outcomes that the FCA proposes will put more pressure on BVRLA members offering regulated motor finance to monitor customer outcomes and get their products and services right first time.