Tag: Toby Poston

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…

Government puts off introduction of van CO2 VED regime

New Reanult Kangoo Van

THE government has announced that it will not be going ahead with changes to the VED regime for vans. This will also apply to motorhomes. The statement was made in a Tax policy update on 12 November. From April 2021, the government’s plan was to introduce a CO2 based taxation system for vans to mirror the existing passenger car regime. However, the…

Latest FCA guidance on PCH offers further payment freeze

Woman at the wheel of a personal contract hire citroen

THE Financial Conduct Authority (FCA) has provided an update regarding consumers struggling with Coronavirus repayment difficulties (30 September 2020). It announced that consumers could apply for a further three-month freeze up until 31 october 2020, if they continued to be in financial difficulty because of the coronavirus outbreak. The FCA told consumers: “Firms should not alter aspects of your Personal Contract Purchase…

Senior management changes at BVRLA

Toby Poston BVRLA

THERE are familiar faces at the BVRLA in new places with new responsibilities. Former director of communications and external relations, Toby Poston (above), has been promoted to director of corporate affairs. While Toby will continue to oversee the BVRLA’s communications and research activities, his main focus will be on the association’s policy policy work, government engagement and events. Meanwhile Amanda Brandon (below)…

FCA presents on commissions at BVRLA Leasing Broker Committee

Commissions

THE Financial Conduct Authority (FCA) has presented its views on commission models. The views were made at the recent BVRLA Leasing Broker Committee meeting on November 05, 2019 at the BVRLA’s Amersham HQ. The FCA, which is currently consulting on the banning of commission models that offer motor finance brokers and dealers an incentive to raise customers’ interest rates, provided clarification to…