Tag: Shashi Maharaj

Consumer Duty – what brokers need to do

Leasing brokers will need to meet Consumer Duty requirements

THE new Consumer Duty requirements from the FCA are due to be finalised at the end of July for implementation by April 2023. What are the implications for leasing brokers? Paul Parkinson, CEO of Synergy Car Leasing and chair of the BVRLA Leasing Broker Committee, says that it’s crucial to keep a sense of perspective.  “It’s important to review the consultation paper…

Brexit red tape snares Northern Ireland deliveries

Red tape and Northern Ireland and Ireland part of the European Union

BROKER deliveries to Northern Ireland are currently tangled in unforseen red tape following the UK’s departure from Europe. There is confusion over whether vehicles leased to residents of Northern Ireland and supplied from mainland UK are subject to tariffs. The BVRLA has produced a page to deal with leasing vehicles to Northern Ireland. The document says: “Following the end of the transition…