We understand the pressure on each type of business, and our expertise is to interpret what regulation means for you. We’ll create solutions appropriate and proportionate to your business, making sure that they’re within your means and accessible in the way that suits you best.
Motor Finance will continue to receive special attention from the FCA. Affordability assessments and staff incentives are of particular concern. These are two of the areas that business owners need to get right.
Certain prior conduct has caused concern for the Short-Term Lending industry. As a result, the sector remains under the careful eye of the regulator. Firms now need to ensure they operate to the highest standards.
The FCA has concern that this type of finance presents high risk to certain groups of consumers. Firms need to take a view of their business model and combine it with the experience of other sectors. This will help to establish industry best practice.
The regulator recognises the importance of Debt Management to those in financial difficulty. Some areas of practice yet are still a concern for the regulator. Ensuring good customer outcomes is critical.