Spencer Halil News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Northridge Finance has appointed Spencer Halil as managing director, replacing James McGee who announced his intention to retire earlier this year.

Alphera Financial Services has appointed Alex Royall as its new UK director after Preston Rogers left to become head of Jaguar Land Rover (JLR) Financial Services at Lloyds Banking Group.

Independent used car dealerships and supermarkets have been best positioned to adapt to the Financial Conduct Authority (FCA) rule banning discretionary commission models that was brought into force last January.

Click the thumbs up > Alphera Financial Services has recorded its best-ever annual performance in 2020, despite the unprecedented and challenging circumstances. The BMW Group business surpassed 100,000 motor finance agreements during a 12-month period for the first time ever, with its 104,504 new customer contracts representing a 20.6% improvement over 2019. This amounted to £1.8 billion in lending during 2020, a record figure for Alphera and a 24% improvement over the previous year (£1.45 billion). In the last five years, Alphera has nearly tripled its total lending and number of annual ca...

Click the thumbs up > Motor retailers have just weeks to get their house in order before clearer rules referring to finance commission disclosure come into effect. By January 28, any dealer involved in brokering motor finance must have given “prominence” to the fact that they earn income from finance referrals. Upon knowing this, it is possible a customer might choose to make alternative finance arrangements. After the January date, retailers must include a disclosure statement in financial promotions or offers to customers. One consultant told AM: “The Financial Conduct Authority (FCA)...