Secure Trust Bank use Motor Finance Specialist apprenticeship to create career pathways
A year after the launch of the Motor Finance Specialist apprenticeship and as part of National Apprenticeship Week 2019 - Secure Trust Bank explain why they started employing motor finance apprentices and the business benefits this has brought to their business.
Brexit uncertainty halves investment in auto industry
SMMT warned that a no-deal Brexit would be “catastrophic” for the industry as it outlined that carmakers and their suppliers had announced new investment in the UK worth £588m last year, nearly half of that invested in 2017. Falls in production at car plants across the country have also been reported.
Clean Air Strategy published
Government has published a wide-ranging Clean Air Strategy with a focus on reducing people's exposure to five primary pollutants including particulate matter, which the World Health Organisation has identified as the most damaging pollutant.
Cyber security standard for self-driving vehicles
New guidance has been developed to help protect self-driving cars from hacking. The UK market for connected and automated vehicles is forecast to be worth up to £52 billion by 2035.
FCA motor finance report due
The FCA is expected to publish its final report into the motor finance market this quarter. The report will cover all aspects of the motor finance sales process, including reporting back on findings from mystery shopping exercises in motor retailers
Government consultation on WLTP
The Treasury has launched a review seeking evidence on the impact of WLTP on reported CO2 emissions, and views on whether changes are therefore required to Vehicle Excise Duty (VED) and company car tax.
New VED measures from 1 April 2019
VED, or car tax, is set to increase in line with inflation in April 2019. This reflects changes brought in by the Chancellor in the 2018 Budget. Whilst the VED system was significantly reformed in 2017, this is the first year that drivers will see inflationary rises.
Roll out of low emission zones
From April 2019, the Ultra Low Emission Zone will come into force in London, replacing the current Congestion Charging Zone. It will be significantly expanded to include most of inner London in 2021. Most vehicles including cars and vans will need to meet new, tighter exhaust emission standards (ULEZ standards) or pay a daily charge to travel within the area of the ULEZ.
SAF redevelopment
The FLA team is working on updating the SAF learning materials, ready for the end of Q1. The redeveloped package will make learning accessible at all levels, provide a seamless learning journey and make it easier for learners to develop their motor finance knowledge. The components are outlined below.
