News

FCA signals potential ‘industry-wide redress scheme’ for motor finance commissions

By 2025-03-11T13:24:00

commission money percentage

’Under a redress scheme, firms would be responsible for determining whether customers have lost out due to the firm’s failing,’ says regulator

The FCA has today (11 March 2025) indicated that it will potentially consult on an “industry-wide redress scheme” for motor finance customers that have lost out financially from “widespread failings by firms” on the issue of secret commissions.

Read more…

Explore more regulation related content here, or discover other news analysis stories here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.