Articles by author
Motor finance: the FCA’s powers, and what the future might hold
The recent redress reforms from HM Treasury, the Financial Conduct Authority (FCA), and the Financial Ombudsman Service (FOS) were first raised in a Call for Input in November 2024, followed by consultations on specific proposals in July 2025. These reforms aim to bring greater consistency to the redress system, including enabling earlier intervention by the FCA and closer alignment to its rules. Both of the Chancellor’s Mansion House speeches to date highlight the uncertainty the current redress framework creates which poses a risk to economic growth. An acute live example of this is motor finance commission. This article examines how the FCA has used its statutory powers under the Financial Services and Markets Act 2000 (FSMA) in its proposed motor finance redress scheme, published in October 2025, and considers how these powers might be affected by the proposed reforms to the redress framework.
22 NOV 2025Modernising the redress system: exploring the need for alternative processes
Following the announcement in the Chancellor’s Mansion House speech, the Financial Conduct Authority (FCA) and the Financial Ombudsman Service (FOS) on 15 November 2024 published a joint Call for Input (CFI) seeking views from stakeholders on “how to modernise the redress framework, so it better serves consumers and provides greater stability for firms to invest and innovate”. With the CFI response deadline having just passed and the FCA and FOS now reviewing responses, we outline the key issues to be addressed.
6 FEB 2025
