The partial suspension of the FCA’s redress scheme has not reduced the risk facing motor finance firms. It has extended the timeline, which will leave the outcome unresolved when the next accounts are signed and funding lines come up for renewal. We look at what this means for going concern assessments, access to funding and the actions boards should take now.
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Article
Motor finance: Going concern when the redress bill is unknown
Article
FCA motor finance redress scheme – a guide to the final rules
The FCA motor finance redress scheme final rules are live, covering high commissions, discretionary commission arrangements and tied relationships.
Article
Preparing for the FCA’s motor finance redress scheme
Preparing for the FCA’s motor finance redress scheme: why firms should conduct a business health check now.
Article
FCA motor finance redress: risk, readiness and reputational impact
FCA confirms motor finance redress scheme details, outlining scope, methodology, and timelines for compensation across historic commission cases.
Hub
Navigating the FCA’s motor finance redress scheme
What you need to know about the FCA’s review into historical motor finance discretionary commission arrangements.
