PRODUCT Partnerships Limited (PPL) is the new compliance partner for the BVRLA, effective October 2021, responsible for Leasing Broker Governance.
PPL is a specialist compliance consultancy with extensive knowledge and experience in working with leasing brokers and dealers.
BVRLA says it has full confidence in PPL carrying out the Leasing Broker Governance Programme, with an audit schedule already being planned.
Phillip Garlick (pictured above), managing director at Product Partnerships Ltd, said: “I am delighted that our company has been selected as the BVRLA partner for its industry recognised inspection programme.
“This will be an amazing adventure that has genuine synergies for both parties and I am proud of the PPL Team in demonstrating how we can add real value to the BVRLA’s current and future plans for its valued members. PPL’s bedrock was formed in the car finance sector with much of the team coming with a rich history and solid experience from within the industry.
“I am personally excited to see how we develop the proposition with the BVRLA and address many of the key regulatory and commercial issues facing its members. At PPL we believe in bespoke solutions that meet the members needs matched with the commercial efficiency in building the long-term vision of the BVRLA.”