The resourcing crunch: preparing for a remediation surge
Motor finance firms preparing for redress may face a shortage of experienced case handlers as more complaints require nuanced, case-by-case assessment rather than automated processing.
Motor finance firms preparing for redress may face a shortage of experienced case handlers as more complaints require nuanced, case-by-case assessment rather than automated processing.
How commission legality, case-specific fairness and FCA consultation could affect creditors, brokers, CMCs and consumers in motor finance redress.
Gary Evans and Gary Maude explain the Supreme Court’s Johnson decision, the FCA’s planned compensation scheme and the operational challenge facing motor finance firms.
Five motor finance redress themes matter now: scope, the Johnson case, operational impact, resourcing pressure and early preparation.
The FCA plans to consult on a motor finance redress scheme after the Supreme Court ruling, leaving firms to assess data, disclosure and operational readiness.
TCC and Recordsure describe how document intelligence, TCC expertise and intelliflo data can support ongoing advice servicing reviews at scale.
How AI is transforming ongoing advice compliance, helping firms meet FCA expectations and future-proof their services.
Motor finance firms preparing for a possible consumer redress scheme need stronger data, record keeping, resourcing, remediation strategy and operational workflow.
The final webinar section examines long-term compliance, proportional review work, evidence quality, redress considerations and the role of RegTech.
Part two of TCC’s webinar focuses on the evidence wealth managers need for ongoing advice reviews and the next steps to consider.