FSA Compliance Training
The Financial Services Authority (FSA) represents a powerful resource, safeguarding the interests of the buying public . But have you ever stopped to wonder how it is funded? That’s right, from the fines paid by businesses prosecuted by the Authority for non-compliance.
But ours is a reputable business. So it will never happen to us.
Wrong. Even a minor slip-up by one of your sales staff could be enough to bring you to the attention of the FSA. And invariably once an investigation is started, it ends in an expensive prosecution, not to mention the attendant bad press. So if your staff aren’t FSA compliant, you’ll only have yourself to blame if your business does fall foul of the regulations.
How we can help
By observing your sales staff and your sales processes first, and then tailoring your FSA needs around the needs of the business. At Automotive F&I, we do not subscribe to a ‘one size fits all’ philosophy. Ours is very much a tailored approach, where the style of the business is taken fully into account and your sales staff are encouraged to identify the answers for themselves.
In fact, we believe that far from being a hinderance to the business, FSA compliance offers a valuable selling tool, providing as it does a structured framework for the sale of the individual F&I products.
But don’t take our word for it. We can happily refer you to any of our satisfied clients who have been able to put their FSA worries behind them. These include industry-respected dealers for Audi, VW, Toyota, BMW.
