FCA motor finance redress scheme/Open Finance/Investment risk warnings

In this week's episode, we take a look at the detail behind the FCA's motor finance redress scheme. With up to £7.5bn of compensation due to be paid out to customers, it's the biggest mass redress scheme since PPI. We discuss some of the complex decisions the regulator had to make in deciding how much customers were owed - as well as what the scheme tells us about the FCA's current direction of travel. In the second half of the show, we discuss the FCA's recent Open Finance roadmap. While Open Banking has been slow to develop, the regulator is keen to see the concept extended to other parts of the financial services industry. We discuss what's in the new plans and what the possibilities might be as Open Finance develops.Finally, we touch briefly on the Government's recent paper into investment risk warnings.  Email us your questions and suggested topics for discussion to [email protected]