THE Financial Conduct Authority (FCA) says it will ban the way some car finance brokers and car retailers sell motor finance. It is concentrating on the way brokers can set the finance rate and the resultant commission. The FCA says this is not in the best interests of consumers and will save car buyers of PCP products £165m a year. The move…
SANTA, mince pies and yo! ho! ho! might seem a long way off. But brokers need to make sure they can enjoy Christmas by acting early to meet the new FCA Senior Managers & Certification Regime (SM&CR). From December 09, 2019, the SM&CR will replace the current Approved Persons Regime for SM&CR firms. Complying with FCA SM&CR does not require a change…