详情

原文传递 Are the new FCA regs having the intended effect?

题名：	Are the new FCA regs having the intended effect?
正文语种：	eng
作者：	TOM SEYMOUR
摘要：	Six months on from the introduction of new Financial Conduct Authority (FCA) regulations, automotive retailers should be starting to see an impact on average commission levels as they adapt to a new way of working. As of January 28, the FCA introduced a ban on all discretionary commission (DiC) models in motor finance, forcing the industry to introduce alternatives like risk-based pricing or fixed rates of commission. The FCA wanted to stamp out the type of finance commission where brokers or retailers were rewarded for charging consumers higher rates. When these rules were announced in July 2020, the FCA said it wanted to see a £165m saving for customers. This figure would be found as a result of the lowering of commission rates across the board. However, Alphera national head of sales Kirk Franks says there has not been a major impact. Franks tells AM: "We've had conversations with some partners that were worried about finance penetration, but they've either held or improved. Customers understand it, dealer staff understand it and from the anecdotal feedback I've had, I've had no qualms or potential issues as a result of the ban on DiC. This change has been slight and it's not caused problems for the customer journey either."
出版年：	2021
期刊名称：	Automotive Management
期：	Jul.