IAM RoadSmart, the UK’s leading road safety charity, has launched the eighth edition of its annual Driving Safety Culture report, with its key objective to reveal the biggest issues impacting motorists on the roads. The annual report, which has studied UK motorists’ driving safety attitudes and behaviours since 2015, has highlighted the biggest worries for motorists, with 86 per cent of drivers … [Read more...]
FCA to act on car finance commissions
Some methods used by finance brokers to reward car dealers that end up overcharging an estimated 560,000 customers about £300 million pounds a year will be banned. The Financial Conduct Authority said it found widespread use of commissions that allow brokers to set the customer interest rate and thus earn higher bonuses. “We found that some motor dealers are overcharging unsuspecting … [Read more...]