Latest Company & Industry News

FISC Looks Forward To Further International Expansion in 2019

14 December 2018

FISC now operates in several international markets including, Ireland, Spain, Switzerland, Norway & Finland. South Africa, China, the US and Canada are already planned for early 2019. Aaron Burton FISC’s CTO said ‘our international expansion plans for 2019 have been in place for some time. We will open 12 new markets next year and from […]

FISC Dealer Network Insurance Sales Rise by 49%

10 December 2018

FISC has revealed that across its network of motor dealers that use its compliance systems and services, like for like sales of Warranty, Tyre & Alloy Wheel Insurance have increased by 49% in 2018 over the same period last year. Tyre insurance saw the biggest rise with sales up a noteworthy 129%. Alloy wheel insurance […]

Demand For New Vans & Pick-ups Grows 9.6% In November

7 December 2018

SMMT figures show that new light commercial vehicle (LCV) registrations increased by almost 10% in November, good news in a depressed overall vehicle market. Demand for large vans weighing 2.5-3.5t and pick-ups drove the growth, with the year-to-date market the same as last year, down -0.7%, with 331,776 vehicles registered.

Is ‘A No deal’ Brexit A Catastrophic Blow To The British Auto Industry?

5 December 2018

According to a recent SMMT Brexit impact survey, three quarters of UK automotive firms have said that a ‘no-deal’ Brexit would be a catastrophic for the UK Automotive Industry. Half said they had already been affected by uncertainty, with one in five having lost business and a third cancelling or postponing their UK investment decisions […]

Cyber And Technology Resilience In UK Financial Services

28 November 2018

At a speech made by Megan Butler, Executive Director of Supervision at the FCA for Investment, Wholesale and Specialists delivered on the 27th November it was highlighted that Firms have reported significant increases in in outages and cyber-attacks over the last 12 months and that cyber security was not only a threat to technology but a real human […]

FCA Reminds Motor Finance Firms Over Rules On Social Media Advertising.

19 November 2018

In their latest regulation round up, the FCA have reminded Motor Finance Firms of their obligations under CONC3 , particularly in relation to posts on social media platforms. They have stated their Financial Promotions team has intelligence that some motor finance firms are not complying with the rules and have noted issues such as: not […]

HMRC To Tax Company Car Add-Ons

17 November 2018

Motor Finance, the journal for the car finance industry, has picked up on a Government change of mind regarding the taxing of Company Car add-ons. In an article published on-line on the 9th November they mention the tax benefits for salary sacrifice schemes known as Optional Remuneration Arrangements (OpRA) which were introduced in April 2017 […]

eMaster Helps Used Car Stocks In Declining New Car Market

8 November 2018

One of the consequences of a declining new car market is that there are fewer quality part exchanges available, resulting in a rise in used car values and a reduction in used car sales. eMaster users have had great success in generating new car customer renewals and bucking the trend, but this also helps them […]

Continued Uncertainty Sees A Fall In October Car Registrations

7 November 2018

The SMMT have reported another fall in registrations with October year on year figures showing 153,599 cars registered 2.9% down on the same time last year. Overall the market is down 7.2% year-to date with 160,184 fewer registrations. VED, regulatory change and confusion over the diesel market are sited as big contributors to the fall. […]

The Motor Trade Gives The Budget A Lukewarm Response

2 November 2018

Mondays budget received only a lukewarm response from motor trade bodies. The NFDA welcomed that fuel duty will again be frozen along with the rise in income tax allowances for consumers’ with disposable income. The planned government review of the impact of the Worldwide harmonised Light-vehicles Test Procedure (WLTP) on the VED and company car […]

FISC Announces ISO 27001 Accreditation

19 October 2018

FISC’s commitment to managing information security and potential security risks has been formally recognised as meeting the rigorous assessment criteria of ISO/IEC ISO 27001 : 2013 from 10 October 2018. Managing Director, Simon Young, said “ISO 27001 is one of the most widely recognised and internationally accepted information security standards. Information security is of the […]

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 […]

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