All articles by MF Editorial
MF Editorial
Fleet GAP product launched
Mechanical Breakdown and General Insurance Services Ltd (MB&G) has launched a new GAP product, tailored for cars that are leased or on contract hire.
Point-of-sale PPI ban will remove debtors’ ‘safety net’
In its final report on remedies for the market in payment protection insurance (PPI), the Competition Commission (CC) has opted to ban sales of the cover at the point of sale (PoS), citing a lack of information about alternatives.
Target Loan Servicing to take on Park MF book
Credit Suisse has awarded a contract to service the loan portfolio of Park Motor Finance to Target Loan Servicing (TLS).
Mandelson rebuked by BoE for car finance aid ‘delay’ comments
The Bank of England has denied that it is to blame for delays to a scheme to give liquidity assistance to car finance firms.
Jon Walden to leave Lex
Jon Walden, managing director of Lex since 1999, is to leave the business at the end of March.
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Lex to be sold?
Car lease titan Lex is being offered up to private equity groups by the companys management in the hope of sparking a multi-billion pound buy-out, it has been revealed.
RMIF looks to set up ‘car dealer bank’
The Retail Motor Industry Federation (RMIF) is looking into setting up a “standalone motor finance industry facility”, it announced.
BMW Financial Services reports a pre-tax loss for 2008
In a stunning reversal from last year’s strong performance, BMW Financial Services, the consumer finance and leasing division of prestige manufacturer BMW, reported a pre-tax loss of 292 million (£270 million).
New boss at Lombard’s fleet arm
Lombard Vehicle Management has announced the appointment of a new head of the business Stuart Houlston takes up the reins, following the promotion of previous incumbent Rob Bailey to the position of regional managing director for Lombard Vehicle Managements parent, Royal Bank of Scotland.
Welcome FS’s parent drops bank licence bid
Cattles plc has dropped its bid to become a bank holding company, the sub-prime lender announced.