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

There's been a lot of commentary on the problems around designing a motor finance commissions redress scheme, but few suggestions about how to overcome the challenges. Here I set out how I see redress working in a way that is fair to both consumers and the industry, and in line with the the FCA's Principles of a motor finance redress scheme.

Full motor finance commission repayment would be a bad FCA redress outcome, but with the right data there could be a better option