Newsletter
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Issue 41 - 18th October 2019
Welcome note from Sue Robinson
Dear Colleague, This week, the Financial Conduct Authority (FCA) launched a consultation to propose changes to discretionary finance commission models. We have had a number of meetings with the FCA and continue to regularly liaise with them. We highlighted that the new rules must be proportionate to ensure a satisfactory outcome for both consumers and retailers. The FCA will be consulting on the new rules until 15 January 2020 and...
READ MOREFCA CP19/28 – Motor Finance Discretionary Commission Models and Consumer Credit Commission Disclosure NFDA Summary Overview The FCA has proposed the following measures to address consumer harms it...
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18th October 2019
QUEEN’S SPEECH 2019 – KEY INDUSTRY POINTS
On Monday 14 October, the Queen delivered her speech which set out Prime Minister’s policies on a number of key issues including Brexit, the environment and immigration. Delivering Brexit – European...
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18th October 2019
The Voice Autumn 2019 is out!
The autumn issue of NFDA’s quarterly magazine, The Voice, has now been published. The Voice features updates on NFDA’s Electric vehicle Approved (EVA) scheme, Drive My Career and its latest insight,...
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18th October 2019
MILS CASE STUDY: Lay-off and short-time working
“We have reserved the right in our contract of employment to lay-off an employee or put them on short-time working. How much notice are we required to give the employee before we implement the...
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18th October 2019
EU passenger car registrations down -1.6% nine months into...
In September 2019, EU demand for new passenger cars increased by 14.5% to reach 1.2 million units registered in total according to the latest figures published by ACEA (European Automobile...
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18th October 2019
Cox Automotive Market Insight Overview – September 2019
Retail - summary September delivered ‘modest’ 1.3% registration growth. Noteworthy combining August & September over the 3 years, 2019 Aug/Sept increased 0.7% (2,900 units) whilst comparing with...
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18th October 2019
AM LIVE 2019 – FINAL AGENDA RELEASED!
The final agenda for Automotive Management LIVE 2019 has now been released! Franchised retailers can look forward to unique sessions dedicated to all areas of the industry, from motor finance and the...
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