News

FCA’s proposed motor finance compensation scheme a ‘significant regulatory’ event for PI market

By 2025-10-08T09:04:00

car finance

’The recognition of widespread failings in the disclosure of discretionary commission arrangements highlights how remuneration structures can create long-tail liability exposures long after the practices themselves have ceased,’ says chief executive

The FCA’s proposed motor finance compensation scheme represents a ”significant regulatory and market event” for the professional indemnity (PI) insurance market.

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