The Financial Conduct Authority’s (FCA) latest decisions on regulating the automotive retail sector will be put under the microscope as part of a special strategy session at this year’s Automotive Management Live.
The one day event, brought to you by Automotive Management, the National Franchised Dealer Association (NFDA) and premium sponsor Phyron, is back at the NEC, near Birmingham on November 13.
Adrian Dally, director of motor finance & strategy, Finance and Leasing Association (FLA) will be joined by Jerry Page, HR Owen’s compliance & risk director, as well as financial compliance experts Andrew Smith, Paxen Group chief executive and Adam Edwards, partner & head of financial services at Freeths to look in detail at how the FCA’s regulation is changing the automotive retail sector.
This includes looking at how retailers have adapted to the FCA’s Consumer Duty standards, in addition to the regulator’s review of areas like historic discretionary commission arrangements, treatment of vulnerable customers and of course its action to improve fair value for customers of Guaranteed Asset Protection (GAP) insurance.
The legislative landscape for finance and insurance is a bit of a moving feast and the FCA is expected to publish its latest thinking ahead of the show on November 13.
Automotive Management Live is free to attend for franchised and independent dealer professionals and offers four dedicated seminar theatres and an exhibition hall packed with the latest innovations from the UK’s leading automotive retail suppliers.
Automotive Management Live also provides an unrivalled opportunity to network and interact with peers and manufacturer representatives to explore how automotive retail will transform in 2024 and beyond, all while equipping delegates with strategies to future-proof their businesses.
Tim Rose, AM editor, said: ““This strategic F&I session will provide the perfect focus point following on from the FCA’s review into the sector.
“Point-of-sale F&I is a structural pillar of the automotive retail industry and so the interest of a very active regulator in the FCA poses its challenges, but insight from this panel will help set the stage for the future and loyal lenders and suppliers will also be able to help retailers continue to adapt, as they always do.”
AM Live strategy session: Cope with a keen-eyed regulator
- Adrian Dally, director of motor finance & strategy, Finance and Leasing Association (FLA)
- Jerry Page, HR Owen compliance & risk director
- Andrew Smith, Paxen Group chief executive
- Adam Edwards, partner & head of financial services at Freeths
