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New VED system to start in 2017

New VED system to start in 2017

14 October 2015

In July, the Chancellor announced new Vehicle Excise Duty (VED) rates, which will come into effect (for new cars only) on 1st April 2017. The scheme will introduce charges across the board for carbon dioxide emitting vehicles, therefore removing exemptions which are currently in place.

Update on FCA activity

Update on FCA activity

14 October 2015

We have already seen the introduction of new rules on the selling of GAP insurance from 1 September. The FLA will be working with the FCA and Retail Motor Industry Federation (RMIF) to monitor the effects of the new rules on the overall GAP market.

Update on SAF Advanced

Update on SAF Advanced

14 October 2015

There are now 135 industry professionals registered for the Level 3 course we launched earlier this year with the ifs. Three applicants have already passed and several others have set a date for their exam.

Enter the 2015 SAF competition and drive at Cranleigh with the Stig

Enter the 2015 SAF competition and drive at Cranleigh with the Stig

8 October 2015

We are keen to hear about the benefits SAF brings to you and your employer in day to day business and would like to hear your experiences – perhaps it has helped with customer retention or improved the confidence of sales staff

New rules for selling GAP insurance

New rules for selling GAP insurance

8 October 2015

The FCA recently confirmed that from 1 September 2015 a Guaranteed Asset Protection (GAP) contract can no longer be sold at the point of sale, and a list of prescribed information will need to be provided to customers at least two clear days before any sale can be concluded.

SAF Advanced qualification off to a flying start

SAF Advanced qualification off to a flying start

8 October 2015

On 1 June, we launched our new ‘SAF Advanced’ level 3 qualification to help motor finance professionals further their careers in the automotive sector.

FCA introduces new rules for credit broking

FCA introduces new rules for credit broking

24 February 2015

On 2nd January the FCA introduced new rules which ban credit brokers from charging fees to customers and from requesting customers’ payment details for that purpose. Only brokers that comply with new requirements providing clear information to the customer up front regarding who they are dealing with, what fee will be payable, and when and how the fee will be payable will be able to charge an upfront fee.