Chris Bottle F IDM

What is Consumer Duty and how does it affect vehicle finance? 🤔 Read the full article here > https://lnkd.in/eYV4a-U2 #BillingFinance #GettingYouWhereYouNeedToBe #VehicleFinance #ConsumerDuty #Support #Blog

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After 4 months, 12 days & 11 hours of not being able to sell new #GAPinsurance policies as a result of the FCA's efforts to curb the overcharging of GAP insurance by MOTOR DEALERS🤯, we're now out of GAP insurance "jail" and the road ahead is clear. What are you driving and do you have GAP insurance? Get a quote today from GAPinsurance.co.uk

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By 31st July this year, insurance intermediaries are required to have completed their first Consumer Duty Annual Review. This can be prepared by the business but the requirement is for the firm's governing body to review and approve on the outcomes being received by retail customers. In this short series of posts we'll be looking at the different areas that should be covered within the report, starting with a review of the Consumer Duty Implementation Plan.

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When you consider that most vehicles go down in value and that finance repayments add up to more than the cash value of your vehicle, GAP Insurance can be a sensible addition to your commercial motor insurance policy. Find out more ➡️ https://lnkd.in/dB5rumY4

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SSP Broker welcomes the Premium Finance Principles launched today by the Association of British Insurers. Consumer choice is critical in the insurance shopping and buying experience and offering choice over how to pay the premium is central to that.  Of course, the offer of finance to help support affordability needs careful consideration to ensure customers are treated fairly and we know there is already a big focus on this in the market. Fundamentally, today's announcement should be treated as an opportunity to embrace new technologies and ways of working with Open Banking being one such example. Premium finance is a vital cog in the Insurance eco system and the market needs to work together to ensure it remains so in line with the Principles outlined by the ABI.  https://lnkd.in/eRjUVhWx #premiumfinance #insurancebroking #tcf #consumerchoice https://lnkd.in/ewr8uszh

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Ross Chambers, our Director of New Business, Marketing and Brand, discusses the challenges and opportunities in 2024 so far. Read the full article below. ⬇ #BillingFinance #GettingYouWhereYouNeedToBe #Blog #AutomotiveInsights #MarketUpdate #VehicleFinance

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FOR INTERMEDIAIRES ONLY With new vehicle registrations being released next month, many businesses will be looking to take the opportunity to expand their vehicle fleets. 🚛 Having an #AssetFinance #CreditLine in place, can provide flexibility for businesses to draw down the funds needed to acquire new vehicles as and when needed. We recently increased Endurance Vehicle Solutions Credit Line to £5m, giving them headroom to regularly refresh and grow their specialist vehicle fleet. Read the full story here ➡️ https://bit.ly/3SKQ1jw Interested in working with us for your clients’ Vehicle Finance needs? Click here ➡️ https://bit.ly/3WGli8h #VehicleFinance

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In today's Story of the Day, news editor James Cowen explores The Labour Party's pledge to address 'out of control' car 🚗 insurance premiums, in the run up to the general election on 4 July 2024. For example, according to figures from Confused.com and WTW, published in April 2024, motor premiums saw an annual rise of 43% – equating to £284 – between Q1 2023 and Q1 2024. Association of British Insurers Financial Conduct Authority Competition and Markets Authority EY The Association of Consumer Support Organisations (ACSO) IMS TECHNOLOGIES Aviva Winn Group Sabre Insurance Group #Personallines #Carinsurance #Claims #Financial #Riskmanagement #Insurers #ITexclusive

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We asked brokers about their capacity concerns in the commercial motor sector in our latest broker barometer; confidence is growing as capacity concerns reduce... 🗨️ Our Deputy CEO, Joe Hantson, explained to Insurance Age: "We are dedicated to making consistent improvements in our work with brokers, aimed at reducing costs and enhancing efficiency." Read the full article here: https://lnkd.in/dbW6px3J

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