Firms must revise motor finance provisions as FCA prepares redress scheme

Published on: 04/08/2025 00:00

Motor finance firms need to “refresh their estimates” of the amounts they are likely to pay to customers under the redress scheme which will start next year. Administration costs must also be factored into their provisions, according to the regulator, which will launch a six-week consultation in early October.

Read the full article published in Compliance Monitor (subscription).