Latest Company & Industry News

New Insurance Distribution Directive Explained

15 October 2018

The new Insurance Distribution Directive (IDD) came into effect on the 1st of October 2018, and regardless of regulatory status, all dealers are now subject to this new regulation. Jackie Crookes FISC’s Compliance Manager highlights the key changes: Demands & Needs – The rules for establishing demands and needs are further enhanced and an interactive […]

eMaster™ Defies September Fall in Vehicle Market

8 October 2018

Following the record increase in year on year car sales for August 2018, September registrations were disappointingly low with only 333, 834 registrations against 426,170 for September last year, representing a fall of 20.5%. In sharp contrast users of FISC’s eMaster™ renewals system showed that September year on year recorded sales had increased by 21% […]

FISC’s Continued Growth Leads To Internal Promotions

4 October 2018

FISC™ has recently announced that as a result of its continued growth both at home and overseas, it has created three new senior posts within the business two of which have been filled by internal promotions. Osku Salerma has been promoted from Lead Developer to Software Quality Manager and Karen Dale has been promoted from […]

eMaster™ Customer Renewals Dealer Initiative Showing Fantastic Results.

3 October 2018

FISC™ has reported that its recently launched eMaster™ dealer initiative, a hybrid of training and consultancy combined with a dealer event, is already showing spectacular results. The initiative trains Managers and Sales Executives over two days, and is held in the dealership rather than the classroom, and uses eMaster™ as part of a ‘real life’ training […]

Consumers ‘Unaware’ of Dealer’s Car Finance Sales Obligations

13 September 2018

Alphera Financial Services have carried out a customer survey which indicates 64% of customers are unaware of a motor dealerships obligations when selling finance and insurance products. The survey also indicated that only 42% of motorists were aware that dealer sales staff are responsible for discussing repayment obligations and also should outline a particular products […]

Large Rise in August Registrations

8 September 2018

The SMMT have issued a press release regarding a significant rise in August registrations. They report that the market increased by 23.1% which is in sharp contrast to the year to date figure which still shows a year on year decrease of 4.2%. There were nearly 18,000 more registrations compared to August 2017, with the […]

New FISC Website Launched

21 August 2018

FISC is delighted to announce the launch of its brand new website. FISC has grown enormously over the last few years, and during that time has developed two distinct areas of business, each offering its own range of solutions within distinct areas of the motor industry. Our F&I and FCA Compliance division incorporates the market […]

eMaster Sales Continue to Significantly Outstrip the Market

13 August 2018

The SMMT statistics recently published for July show a modest Year on Year growth for the month of July of 1.2% with the year to date figure down just over 5%. Behind these statistics for July there is a significant drop in Diesel sales of nearly 25% countered by an equally significant increase of just […]

FISC Successfully Migrates its eMaster Platforms to Amazon Web Services

1 June 2018

Due to our continued global expansion, FISC has commenced the migration of all its systems to Amazon Web Services (AWS), with the successful transition of its eMaster™ platform over the May Bank Holiday Weekend. This project will be completed for all other systems during quarter 3 this year. Commenting on this exciting project Richard Shaw […]

eMaster Sales Help Dealers & OEM’s in Falling March Market

20 April 2018

As the SSMT statistics show falling March registrations, dealers using FISC’s eMaster system have seen continued high increases in sales generated by the software. Statistics released by the SMMT, show new car registrations for March falling by 16.5% when compared to the same period last year. https://www.smmt.co.uk/vehicle-data/car-registrations/ Andy Binns Managing Director – eMaster Worldwide Sales […]

FCA Publishes Guidance For Consumer Credit Firms On Sales Executive Payplans

20 April 2018

On 27 March 2018, the FCA published finalised guidance for consumer credit firms on staff incentives, remuneration and performance management: https://www.fca.org.uk/publication/finalised-guidance/fg18-02.pdf. The final rules will come into force on 1 October 2018. All firms that are engaged in credit-related regulated activity will be affected by these rules. They must now actively look to identify and […]

FCA provides update on review into motor finance risks

7 March 2018

The Financial Conduct Authority has updated attendees at an FLA annual dinner this week advising that an update on its review into motor finance is expected to be published in March. Andrew Bailey, CEO at the FCA, advised guests at this event that they are “looking carefully” at the way lenders behave in selling PCPs, […]

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