News

Budget update

31 October 2018

The Chancellor delivered his 2018 budget statement at the end of October, the last before Brexit, announcing better than expected public finances allowed for more Government spending than previously thought.

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Electric Vehicle updates

31 October 2018

Changes to the way electric vehicles can be funded have been announced by Government and industry.

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FCA publishes evaluation of Guaranteed Asset Protection (GAP) intervention

31 October 2018

The regulator has evaluated the impact of its changes to the sale of GAP insurance.

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Motor Finance Apprenticeship continues to grow

31 October 2018

The Specialist Motor Finance Apprenticeship was launched earlier this year and continues to grow in popularity with the first apprentices now starting their training.

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SAF redevelopment underway

31 October 2018

We are currently working with the London Institute of Banking and Finance (LIBF) to redevelop the suite of training under our Specialist Automotive Finance (SAF) brand, launching early next year.

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Under the spotlight – Improving Customer Information

31 October 2018

The FLA has issued guidance to members to help improve the information provided to customers on motor finance agreements through the provision of summary information at the point of sale and during the contract.

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DfT issues Road to Zero Strategy

31 July 2018

The Department for Transport published its long-awaited Road to Zero Strategy in July, confirming the commitment to end the sale of new conventional petrol and diesel cars and vans by 2040. The strategy does not propose to ban hybrid or other technologies.

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Electric vehicles charge fund opens

31 July 2018

The Government is encouraging bids for the management of its £400m Charging Infrastructure Investment Fund, marking a significant milestone in the future roll out of electric vehicles across the UK.

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FCA issue new rules on assessing affordability and creditworthiness

31 July 2018

Since it began regulating consumer credit, the FCA has increasingly focused on responsible lending, highlighting the importance of assessing a customer’s ability to repay affordably and minimising the risk of financial distress.

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FCA release business plan 2018/19

31 July 2018

The FCA published its Business Plan 2018/19 in April, outlining that one of its key areas of focus was culture and governance.

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