We can ensure you stay that way through:
Our permissions allow motor dealers to act as Credit Brokers and sell add-on General Insurance products, from providers of their choice, under the umbrella of Automotive Compliance Ltd, without the requirement of being Directly Authorised by the FCA.
What is the happening in the Regulatory world that affects you?
The Motor Industry needs to know
Insurance Distribution Directive October 1st 2018 CPD
From the 1st October 2018 the IDD requires that insurance and reinsurance distributors, evidence appropriate knowledge and ability in order to complete their tasks and perform their duties competently with 15 hours of qualifying skills assessment and training.
Car dealers' GAP sales fall 16-23% following FCA compliance legislation
The Financial Conduct Authority has revealed that its GAP insurance sales legislation has led to an average fall in car dealers’ sales of the add-on insurance product of between 16 and 23%.
FCA stops 38 dealers offering finance to customers for compliance failures
Since January this year, 38 motor dealers have received final notices that have been published on the Financial Conduct Authority website and have had their consumer credit permissions cancelled.
Are you aware that we also work with motor dealers directly authorised by the FCA?
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