Clifford Chance

Motor Finance Commissions – taking stock

31 October 2024

The investigation by the Financial Conduct Authority (FCA) into potential mis-selling of motor finance on the basis of discretionary commission arrangements will potentially have a wide-reaching impact.

In this briefing, we set out a stocktake of the ongoing FCA investigation, the position of the financial ombudsman and the outcome of recent court challenges in relation to broker commission which may impact a wider range of commission models. Finally we highlight implications and action points for firms.

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