News & Insights

Impact of Covid-19: Snapshot Survey of UK Asset and Motor Finance Executives

In June 2020 UK asset and motor finance executives gave a snapshot view of current conditions, outlook and ambition for the future, tackling questions like:- What has happened to demand and what will the recovery look like? What is the outlook for bad debt? How important is CBILS? What are…

19th June 2020
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TCF – The Importance of Achieving Fair Outcomes

Peter Cottle and Jo Davis, Partner at law firm Locke Lord, provide a short guide on how firms can achieve Fair Outcomes for their customers “Culture eats strategy for breakfast”, as Jonathan Davidson, the FCA’s Executive Director of Supervision – Retail and Authorisations, is fond of reminding firms. Through Principle…

20th March 2020
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Business Continuity for Inventory Auditing

In these extraordinary times new risks emerge around stocking finance, for example where a physical stock auditor travelling between multiple dealer sites may not be considered appropriate. Suspending your audit process creates commercial risks that may be equally unacceptable, while any alternative to the traditional approach will need to be…

19th March 2020
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IAFN Research Programme helps finance companies define their Servitisation journey

At some stage, each firm in the asset, motor and fleet finance sectors will consider how it will respond to the changing shape of customer demand, the shift from product sales to pay-per-outcome and on-demand customer fulfilment, and with that the shift from traditional finance product sales to a more…

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Get the Locke Lord FCA technical summary

Following the publishing by the FCA of their final findings in relation to motor finance back in March 2019, the FCA have now released a Consultation Paper which sets out their draft plans to address their issues with commission models within the motor finance industry and to manage the rules…

18th November 2019
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CheckVentory introduces managed service proposition

CheckVentory is the award-winning, digital platform that enables secure stocking finance audits, anywhere, anytime by anyone, including robust dealer self-audit programmes. Compared with traditional stock auditing practices, key benefits of using CheckVentory are:- Vastly reduced per unit costs – as little as one seventh of previous levels Cost-effective opportunity to…

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FCA Consultation Paper – Hearing Your Views for a Sustainable Approach

In recent days lenders, brokers, and car retailers will all have taken time to review the latest FCA Motor Finance consultation paper issued on the 15th October, focusing on discretionary commission models and consumer credit commission disclosure. There were no real surprises, other than perhaps the tone was stronger than…

7th November 2019
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Expert support for FCA Motor Finance Compliance

It’s 5 months since the publication of the FCA report on Motor Finance which highlighted a number of areas for ongoing concern including commission structures, lenders’ control on the processes of their introducers, the provision of information to customers, and adequate affordability assessment. A number of lenders and dealer groups…

27th August 2019
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Are you a “Resilient”?

A recent study by McKinsey¹ identified specific characteristics and behaviours of companies who over-performed during the last downturn. Referred as “Resilients”, by the economic trough in 2009 earnings of these firms had grown by 10% while their industry peers had fallen by 15%. Moreover, they came out the recession quicker…

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hidden in plain sight
Performance improvement – hidden in plain sight

Process excellence is core to the performance of finance providers yet rarely gains the attention is deserves, being a hidden driver of competitive advantage, profit or avoidable costs.  Take our simple self-assessment to see how you fare.

10th June 2019
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T: +44 (0)1730 352350

E: info@growcap.co.uk

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