It has been over two weeks now since the Government closed motor retailers and auction houses and we expect these measures to extend beyond the three week period initially set out. As a result it might be the case that your business has made use of the Coronavirus Job Retention Scheme and furloughed your staff to ensure they continue to receive wages.
After careful consideration we have taken the decision to extend the SAF Approved expiry date by 3 months for all companies whose status expires between 1 March to 31 May. The objective here is to ensure that the efforts staff have gone through to attain SAF Approved status are not impacted by current events that are out of the control of SAF Expert users.
Today the SAF Expert training material and test have been updated to bring the learning fully up to date.
SAF Advanced is the industry's only level-3 motor finance qualification. The next step for anyone that holds a SAF Expert test pass.
It is now easier than ever to obtain the qualification. If you have a SAF Expert test pass you are already a third of the way there. You can also use our new Academy app to study on your phone. Click on the video here on the left to see how it works.
The SAF Expert training material and test will be updated by the end of January 2020.
The FCA launched new rule proposals in October to ban 'discretionary' commission models and clarify when commission should be disclosed to customers. The new rules will begin to be implemented in early Q2 2020.
Last week the FCA published its long-awaited consultation on draft vulnerability guidance to help clarify what firms should do to treat vulnerable consumers fairly and consistently.
You are already registered to take the annual SAF Expert test. Why not go further? Get formal recognition for your knowledge by registering for the new Academy app. The app gives you everything you need to take and pass the SAF Advanced qualification. Here are 5 reasons why you should:
SAF is a founder sponsor of the new Motor Trader Independent Dealer Awards being held at the Ricoh Arena, Coventry on 9 October.
The FCA’s final findings on motor finance were published in March 2019. The final report followed up on areas of further scrutiny as identified in its interim report of March 2018, namely on information to customers and intermediary remuneration.