Adding to this remarkable accomplishment, Sam is now a Fellow of the International Compliance Association, a prestigious recognition that underscores her expertise and commitment to the field

This achievement is not just a personal triumph for Sam but a significant win for Automotive Compliance and our valued customers. Here’s why:

Enhanced Expertise: Sam’s advanced knowledge and skills in GRC will further strengthen our risk management and compliance frameworks, ensuring we continue to uphold the highest standards of integrity and accountability.

Customer Confidence: With Sam’s expertise, our customers can have even greater confidence in our ability to navigate complex regulatory landscapes, providing them with reliable and compliant services.

Innovative Solutions: Sam’s fresh insights and innovative approaches will help us develop more effective compliance strategies, ultimately benefiting our customers through improved processes and solutions.

Please join us in congratulating Sam on her outstanding achievements and her continued dedication to excellence in compliance. We are incredibly proud to have her as part of our team and look forward to the positive impact she will continue to make.

#Compliance #RiskManagement #Achievement #TeamSuccess #CustomerConfidence

The post Celebrating Excellence in Compliance: Sam Billing’s Outstanding Achievement appeared first on Automotive Compliance Ltd.

• Credit broking
• Debt adjusting
• Debt counselling
• Providing credit information services

Why it matters:

This new return is designed to improve the quality and relevance of data collected, enabling the FCA to:

• Act faster where consumer harm is greatest
• Reduce ad hoc data requests
• Streamline supervision and reduce regulatory burden

Key changes:

• Tailored, proportionate data collection aligned with firm permissions
• Consolidated reporting for principal firms and their ARs
• Phased implementation to ease transition

Benefits:

• Better visibility into firm activities and consumer outcomes
• More efficient, data-led regulation
• Enhanced market integrity and consumer protection

Effective from: 7 May 2025

Firms must prepare now to align reporting with the new rules and timelines.

But here’s the good news:

Become an Appointed Representative (AR) and you don’t need to worry about it. We will handle the complexities for you.

Contact us on 01452 671570 or email tellmemore@automotive-compliance.co.uk to find out how we can help you.

The post Did You Know? The FCA’s new Policy Statement PS25/3 introduces significant updates to consumer credit reporting, including a new regulatory return – CCR009 appeared first on Automotive Compliance Ltd.

What’s the Deal with Rising Costs?

National Insurance isn’t the only thing going up. Compliance costs, insurance premiums, and admin tasks are all adding to the financial pressure. But don’t worry, there are ways to take control and save big.

Cutting Compliance Costs by becoming an Appointed Representative

One smart move is to tackle those compliance expenses head-on. Automotive Compliance Ltd has some great tips to help you out:

• No FCA Fees: Save around £2,500+ per year on FCA regulatory fees.
• No PI Insurance Costs: Ditch Professional Indemnity (PI) insurance and save up to £1,000 annually.
• No RegData Returns: Spend less time on complex FCA reporting.
• Time Savings: Skip the hassle of regulatory updates and compliance processes.
• Detailed Monthly Reports: Get clear insights on your compliance status.

Act Fast for Maximum Savings

To get the most out of these savings, consider cancelling your FCA Direct Authorisation before 31st March. This can lock in a fixed compliance fee for two years, giving you predictable costs and peace of mind. Don’t let rising compliance costs eat into your profits. Reach out to Automotive Compliance Ltd today and see how much you could save.

Boosting Efficiency

Saving money is great, but improving efficiency is just as important. Here are some quick tips:

• Automate Admin Tasks: Use software to handle repetitive tasks, freeing up time for more important work.
• Enhance Customer Experience: Invest in tools that make customer interactions smoother and more satisfying.
• Optimise Inventory Management: Implement systems to manage inventory better, reducing waste and improving cash flow.

If you would like a conversation about how we can help you reduce costs and improve efficiencies, please get in touch, all us on 01452 671 570 or email tellmemore@automotive-compliance.co.uk

The post Dealerships and Retailers: How to Handle Rising Costs appeared first on Automotive Compliance Ltd.