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...
READ MOREOn 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...
READ MOREThe 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,...
READ MORE“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...
READ MOREIn 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...
READ MORERetail - 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...
READ MOREThe 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...
READ MOREThe exquisite five star Grove Hotel, Chandler's Cross, Hertfordshire, will play host to the prestigious NFDA Spring Ball on Saturday 25 April 2020.