SAF redevelopment
The FLA first developed SAF in partnership with a wide range of stakeholders from the lender and retailer network in 2007. Today the SAF test is now taken by over 34,000 staff across the industry each year and continues to improve confidence in motor finance and increase professionalism.
Under the spotlight: Commission models
The FCA has been clear that ensuring financial incentives lead to good customer outcomes is a key regulatory priority.
WLTP and showrooms
The introduction of WLTP in September 2018 is designed to offer consumers more accurate information about the level of air pollutants, CO2 emissions and energy consumption in light duty vehicles, delivered via testing, which more closely replicates real-world driving.
Advertising for ex-fleet vehicles (ASA ruling)
A recent Advertising Standards Agency (ASA) ruling indicated that vehicle promotions must clearly show if a vehicle was formerly part of a business fleet.
FCA provides update on its motor finance work
The FCA issued an update on its exploratory work of the motor finance market in March, and outlined areas of future focus.
Government’s motoring agencies publish business plans for 2018-19
The Department for Transport’s motor agencies, the DVLA and DVSA, have published their business plans for the year ahead, outlining key areas of focus.
Motor Finance Specialist apprenticeship launches
The Motor Finance Specialist apprenticeship, formed in conjunction with lenders and retailers, was launched during National Apprenticeship Week in March.
Under the spotlight: GDPR – are you ready?
The General Data Protection Regulation (GDPR) will come into effect on 25th May 2018, but for the majority of firms who already have good data protection procedures in place, the move to GDPR compliance should be straightforward.
Automotive Sector Deal agreed with industry and government
A Sector Deal between the Government and the automotive industry was announced in January, as part of the Industrial Strategy.
Government decides not to extend first MOT-test timeframe
The Department for Transport (DfT) has decided not to extend the period before a car’s first MOT test from three to four years.