Fraudulent South African Site

It has been brought to our attention that there is a business in South Africa proclaiming to be a Franchise of Asset Finance Solutions (UK) Limited

We can confirm that there is no link between our business and this South African business, we have formally served notice on them to remove any references to us and […]

By |November 11th, 2014|General Finance|Comments Off on Fraudulent South African Site

The FCA Warns Car Dealers

The Financial Conduct Authority (FCA) have warned that a ‘tick box’ approach to regulation won’t work when applying for full authorisation.

Dealers need to adopt the spirit of regulation as well as the rules. Francisco Esteves one of the Authorities Managers aims to dispel some of the myths surrounding the takeover of responsibility of consumer credit by the FCA.

Esteves has underlined the differences […]

By |October 13th, 2014|General Finance|Comments Off on The FCA Warns Car Dealers

Bank Base Rate – October 2014

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion The Bank of England’s Monetary Policy Committee at its meeting on 8 October voted to maintain Bank Rate at 0.5%.  The Committee also voted to maintain the stock of purchased assets financed by the issuance of […]

By |October 9th, 2014|General Finance|Comments Off on Bank Base Rate – October 2014

FLA Figures Point to Strong July Performance

The Finance & Leasing Association (FLA) have released figures showing July 2014 leasing and hire purchase business was up by 23% based on July 2013 figures, confirming July was the strongest performance for the year so far.

New Car finance, plant and machinery showed the highest increases at 35% and 30% respectively, compared to the same period last year.

Geraldine Kilkelly, the […]

By |September 12th, 2014|General Finance|Comments Off on FLA Figures Point to Strong July Performance

’64 plates are here

It’s that time again, the new ’64 plate is with us and if you intend buying a newly registered car or indeed any new vehicle then getting the most competitive finance package is a sure fire way to make the experience far sweeter.

At AFS we are proud to be able to offer industry leading finance […]

By |September 1st, 2014|Asset Finance Solutions' Stories|Comments Off on ’64 plates are here

Can Asset-Based Finance Help UK Businesses Stay Afloat?

Cash flow is the life blood of all businesses and even more so for new starts and smaller companies. So in a market where banks are very cautious how can firms preserve cash or indeed gain a cash injection ? Asset Based lending may well be the answer.

The UK government announced on the 6th […]

By |August 15th, 2014|General Finance|Comments Off on Can Asset-Based Finance Help UK Businesses Stay Afloat?

What Our Customer’s Want

At a recent conference we were asked what a customer should expect when they enter into a relationship with Asset Finance Solutions – the stock answer is: “The best service in the industry, experienced people providing expert knowledge and the right solutions in a timely manner”, but it got us thinking – what do […]

By |August 1st, 2014|Uncategorized|Comments Off on What Our Customer’s Want

The Consumer Credit industry has to improve.

The Financial Conduct Authority sent out a stark message to the consumer credit market on Friday that the sector has to improve its practices and raise standards.

Speaking at the FCA’s inaugural annual meeting in London, chief executive Martin Wheatley said that the sector had to improve standards.

“We want to see continual improvement in standards not just in lending […]

By |July 19th, 2014|Asset Finance Solutions' Stories, General Finance|Comments Off on The Consumer Credit industry has to improve.

Asset Finance Solutions Discuss Regulation with the Finance and Leasing Association

Today Nick Simpson (Managing Director) and Mike Geddes (Commercial Director) of Asset Finance Solutions presented to the Finance and Leasing Association at their offices in London regarding AFS’s regulation “Journey”.

It was significant recognition from our perspective that the industries leading trade body asked us to share our experience of regulation and explain the measures we have taken to meet the […]

By |July 17th, 2014|Asset Finance Solutions' Stories|Comments Off on Asset Finance Solutions Discuss Regulation with the Finance and Leasing Association

Consequences of Breaches

Consequences of breaching the principles

The following examples are taken from the FCA’s principles for business document, and help to illustrate how the FCA would assess the application of the principles for business within an organisation.

Breaching a principle makes a firm liable to disciplinary sanctions. In determining whether a principle has been breached, it is […]

By |July 11th, 2014|Uncategorized|Comments Off on Consequences of Breaches