No rise in FCA fees a must THE proposed rise in FCA fees for regulated leasing brokers is being opposed by the BVRLA, and quite rightly. Any additional cost at this time is unwelcome, especially as its justification is questionable argues the BVRLA. And for those brokerages with a number of AR outlets, then challenging the proposed AR fee is essential. Let’s…
THERE is considerable concern about vehicle supply and the impact it will have ongrowth for the vehicle leasing and rental industry, with vans highlighted as aparticular barrier. That’s according to findings from the BVRLA’s latest BusinessImpact Survey, amid general optimism from the industry about economicrecovery. Carried out in May, the survey shows that 90% of respondents anticipate theeconomy to improve in the…
THE changing mix of motor finance products is moving further and further towards leasing as previously dominant PCP starts to fade. Analysis of the market, by Paul Harrison of Leasing.com (left), suggests that not only are the finance trends shifting towards leasing, but the requirements of both consumers and businesses are changing as a reaction to the pandemic. Speaking at the BVRLA…
THE BVRLA has written to the FCA objecting to the proposed fee increase for regulated brokers and particularly the new fees surrounding appointed representatives (ARs). Brokers could be facing a significant rise if the proposed fees go through: a rise to £1151 for regulated brokers; and £250 for every AR. In its response, the BVRLA raised concerns concerning the timing of the…
Will stock shortages hinder market? THE broker market looks in rude health, resilient beyond belief and ready to do business in even greater numbers. But will the semiconductor shortage hit availability? Will stock shortages frustrate sector growth? Read our special report on the broker market. All the best for the rest of the business week. Ralph Morton, editor Key stories this week:…
BVRLA broker fleet grows in 2020 CONGRATULATIONS all you leasing brokers. Despite a difficult and testing 2020, all hurdles were overcome to increase the broker channel fleet to 379,617 vehicles, up 6% on 2019. Within seven years, that’s a threefold growth. Astonishing. The BVRLA’s report dropped just as we were going to press, so we’ll have some deeper analysis next week. But put…
PUT this date in your diary: 12 May, from 0900 to 1000. That’s when Leasing.com’s Paul Harrison, head of strategic partnerships at the leasing deal portal, will be talking about changing consumer mobility preferences in the BVRLA webinar A spotlight on mobility solutions. Harrison says that motorists are moving away from Personal Contract Purchase (PCP) in favour of Personal Contract Hire (PCH).…
LEASING brokers could be facing “a significant” increase in fees for regulated firms, while a new flat fee is proposed for each Appointed Representative (AR) on a broker’s books, says the BVRLA. The proposed new changes are: A significant increase to the fees paid by consumer credit firms to create greater alignment of minimum fees charged to other authorised firms in the…