Compliance & risk management

Investment in these technologies over the past five years has been “amazing”, he said, with much coming from non-manufacturers.

A worker who was processing catalytic converters was left with life-changing injuries by an incident at her Essex workplace, which has now incurred a large fine.

Gaurav Jain, UK commercial director, Get Your Car, Carwow, discusses the opportunities for dealers as car buyers seek more guidance on finance options

The Financial Conduct Authority (FCA) has identified shortcomings in how some motor insurance firms are valuing written-off or stolen vehicles.

Close Brothers has confirmed that it has set aside up to £400 million ahead of the FCA’s regulatory review into the motor finance sector.

The FCA has said it will start the process of reviewing firms’ treatment of vulnerable customers as it set out its plans for the next year.

Any action taken on car loan discretionary commission complaints will be much swifter than that implemented for payment protection insurance (PPI) misselling last decade, according to the chief executive of the Financial Conduct Authority.

A new partnership between credit information provider CRIF and BMW Financial Services will help make the purchasing experience smoother.

Consumers who have witnessed new and used cars become significantly more expensive since 2020 are unlikely to beat a path to dealerships as a result of the National Insurance cut in Jeremy Hunt's 2024 Spring Budget.

The absence of any measures in the Spring Budget targeted at jumpstarting market demand for EVs has been widely condemned as a missed opportunity.

AM's latest Spotlight on Finance and Insurance Report has just been published and it can be read or downloaded here.

If consumers are paying a greater price now than they did before, what harm is the FCA’s intervention actually preventing?

Lloyds Banking Group has allocated £450 million to cover potential expenses related to regulatory investigations into historic motor finance commission deals.

The Government has changed its mind about how it taxes double cab pick-up trucks, a week after it said that  from July 1, 2024, these trucks would be treated like cars for tax purposes.

A suspended prison sentence has been given to a South Wales vehicle technician who issued MOT pass certificates for vehicles he hadn't fully tested.

Consumer champion Martin Lewis’s free tool for consumers to probe whether they were victims of discretionary commission agreements (DCAs) has logged the filing of over half a million complaints.

This year could go down in history for the automotive industry, for the most unusual reason, writes AM's regular columnist Professor Jim Saker, emeritus professor of Loughborough University's business school and president of the Institute of the Motor Industry.

Eight out of ten insurance firms have agreed to pause sales of Guaranteed Asset Protection (GAP) insurance at the request of the financial watchdog.

A used car dealer from South Wales has been jailed after selling a vehicle in a “dangerous condition”.

Consumer champion Martin Lewis has launched a free tool for consumers to use in logging a complaint about discretionary commission agreements (DCAs) in their car loans.

The UK would be wise to appoint a ‘car czar’ charged with coordinating efforts to promote electric vehicles,

The Serious Fraud Office (SFO) is prosecuting former company directors Reginald Larry-Cole and Scott Martin for fraud in relation to the nationwide car leasing scheme, Buy2Let Cars, which attracted hundreds of British savers to pay in around £88 million.

The Financial Conduct Authority has just told AM it has "no intention of banning GAP Insurance", in response to unsubstantiated reports that the product must be scrapped this year.

The Financial Conduct Authority has appointed a third-party independent expert to consult with car loans firms as the regulator progresses its review of historic discretionary commission arrangements.

Two recent car loan misselling cases heard by the Financial Ombudsman Service (FOS) against Black Horse Motor Finance and Barclays Partner Finance have been mentioned by the FCA as particularly influencing its decision to dive deeper into this issue.