FSA Tracker

There was a time when the motor industry could afford to ignore the Financial Services Act. The legislation lacked any real teeth and dealers felt they had enough on their plates just negotiating their daily workload without having to worry about something that may never happen.

Times have changed.

In the last 5 months, nine dealerships have been banned from selling financial services, and instead of prosecuting the individual salesperson who originally miss-sold the finance, it is the company directors and their FSA compliance officers who are facing a £500,000 fine with up to three years in prison.

So how can you protect yourself against litigation?

The answer lies with a clever piece of software called the FSA Tracker®.

The FSA Tracker® is a simple to use and highly effective web-based solution that performs four important functions:

• Protects you from litigation by ensuring complete FSA compliance
• Lays down a formal procedure for status disclosure, demands & needs and product recommendations
• Vastly increases revenue from the sale of extended warranties, GAP, and finance and insurance products etc.
• Supports on demand, web-based training courses and e-learning modules

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