Motor Finance Commissions
Supreme Court clarifies motor finance commission rules; FCA consulting on industry-wide compensation scheme.
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STB notes the Supreme Court decisions late on Friday 1 August 2025 on Johnson and Wrench v FirstRand Bank Ltd and Hopcraft v Close Brothers Limited relating to motor finance commissions. The Company welcomes the further clarity these decisions have provided for the motor finance industry.
STB also notes the update provided by the FCA on Sunday 3 August 2025, regarding its consultation on an industry wide compensation scheme. The Company awaits further information on the compensation scheme in order to assess fully any potential impacts on STB.
Our interim results for the six months ended 30 June 2025 will be announced on 14 August 2025.
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