The Financial Conduct Authority (FCA) has introduced a compensation scheme for some customers who took out motor finance between 6 April 2007 and 1 November 2024.
The Scheme looks at whether customers may have been treated unfairly because they weren’t given the relevant information about commission arrangements between their lender and the dealer or broker who arranged their finance.
Not everyone who had motor finance during this period will be eligible for compensation.
We are committed to being open and transparent about commission arrangements on motor finance agreements. This document explains:
We will keep this document updated as new information becomes available.
You can find more details on the FCA’s website:
FCA Website
