The FCA’s 360-page consultation on a motor finance commission scheme, published last week, is very clearly designed to protect the regulator from a Judicial Review.But my reading of the proposals is that the FCA would have failed to follow the right procedures, and be exposed to a JR risk, if it were to finalise the scheme based on its current proposals, because there is a key missing link in its analysis: the lack of a basis for rebuttal for cases where the customer paid a c

How the FCA's motor finance commission redress scheme appears to be firming up, based on the FCA's evidence to the House of Commmons Treasury Committee.

In its research paper published today, ‘Reverse Gear – Why Motability is broken and how to fix it’, the Adam Smith Institute(ASI)  not only conflates two separate policy matters - Personal Independence Payments (PIP) and tax reliefs -  but ignores the very similar support given by the Government to high-income and (usually) non-disabled users of employer salary sacrifice schemes.   Instead of the ASI’s dishing of Motability, we need to find ways of making it work better, n