Due to Covid-19 restrictions requiring forecourts to remain closed until 12 April in England we have further extended SAF Approved certification to ensure that every firm that is SAF Approved will remain so until at least 30 April.
With news last year that the sale of new petrol and diesel cars and vans will come to an end by 2030 there has been continued uptake of the National Franchised Dealers Association’s (NFDA) Electric Vehicle Approved (EVA) scheme.
Today the FCA released new guidance on the fair treatment of vulnerable customers - an important area for dealer staff given their role in identifying and assisting vulnerable customers through the car buying journey.
Today the FCA's new rules on commission and disclosure come into force.
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.