The Financial Conduct Authority announced back in 2017 that they were investigating the motor financing industry, to ensure that consumers were not being caused harm, to understand how finance products were sold and, to see if the market is functioning as well as it could be. In March, the FCA published an update of this review, setting out the areas of concern that they have highlighted for further investigation. One of those areas is PCP or Personal Contract Purchase.
And finance experts are eagerly anticipating the publication of the FCA’s findings. If the FCA rule the sales processes employed … Read more