Eminent panel of lenders led by Wayne Gibbard, Partner at Shoosmiths to consider the current outlook regarding discretionary commission dispute as the investigation continues.
- FCA update expected in September 2024 but final decision likely to be delayed due to the Barclay’s Bank judicial review.
- Differences between FOS and FCA that lies at heart of intervention gives comfort to industry hoping for a reasonable outcome. Partial disclosure may be enough to negate secrecy, with full disclosure if asked.
- Lenders are responsible for any claim of unfair relationships and not intermediaries. Lenders in turn could ask for indemnities from intermediaries that sufficient disclosures have been made.
Discover the very latest twists and turns in the discretionary commission dispute which threatens unprecedented (genuine use in this case of an overused phrase!) compensation levels set to exceed PPI, but which now shows some signs of successful management.
- Hear the views of our legal advisors and our panel of auto finance lenders who are working at the heart of this dispute.
- Understand the likely outcome and learn what that means for your business.
- Discover the implications for the wider industry including the long-term implications for intermediaries.
Panellists will include:
- Stephan Reeve, managing director, financial services, Mazda Motor Europe
- Mike Pierce, managing director, Sytner Finance
- Wayne Gibbard, Partner, Shoosmiths
- Rachael Jones, director of automotive finance, Auto Trader
Other topics included in the auto finance session include:
- Update on China – hear from Yin Noe, European head of YRD Alliance; and Ian Plummer commercial director, AutoTrader on the outlook for Chinese OEMs in Europe. Understand why they are committed to UK and Europe :“in Europe, for Europe”.
- Update on commission disclosure – hear from Rachael Jones and our panel about their views – why the FLA have decided not to mandate commission disclosure as part of their code of conduct.
- Auto-decisioning platforms – attend the latest roundtable, focused on case studies and system demo (email louiseclavey@assetfinanceconnect.com to book your place).
- Participate in the commission disclosure debate: “This house believes that commission disclosure should be mandated”.
- Hear from Simon Evans, head of the Consumer Redress Association – what’s wrong with the consumer redress process and what best practice CMCs can do to improve it.
Places for the event are being snapped up fast – so if you haven’t booked yours, go to our website at https://afcconferenceuk.com/assetfinanceconnect2024/en/page/book-now
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