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Is the UK heading for a motor finance market scandal?

Montage with Gavin Stewart and the FCA building
GRIP Montage: FCA/Private

Gavin Stewart

5 min read
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The FCA’s recently announced s166 review of the motor finance market could, Gavin Stewart believes, lead to a major compensation programme.

Motor finance – the end of the beginning

It’s hard to exaggerate the potential significance of the FCA’s decision to use its s166 powers to investigate discretionary commission arrangements in the motor finance market.

By Martin Lewis’s estimate, if (as widely expected) this work results in a remediation programme,

First

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