Asset Finance Connect

The UK's top 50 asset finance lenders have been identified in the latest Asset Finance 50 UK Report, available to download now at https://lnkd.in/eTUSvGbH Published in association with ASSET FINANCE POLICY LIMITED, the 2024 Asset Finance 50 UK Report includes Asset Finance Connect's ranking of the top 50 lenders by net investment in business equipment leasing. The report also features commentary from industry leaders and highlights the UK's fastest growing lenders along with key industry performance measures including analysis of the shift from bank owned to independent finance providers. A wide range of experts from across the industry set out the changes they see ahead in the AF50UK 2024 long-term plan for the asset finance industry. To review the exclusive insights in this year’s edition, download your copy today at https://lnkd.in/eTUSvGbH

Leasing and mobility expert Alphabet GB has announced the appointment of Jean-Michel Barachy as its new Chief Operations Officer (COO) to enhance the company’s digital transformation. Find out more at: https://lnkd.in/eRDwREhM

Acquis, insurance provider to the asset finance industry, has entered an agreement with Allianz Global Risks US Insurance Company (doing business under the trade name Allianz Commercial) to distribute and underwrite insurance coverage. Find out more at: https://lnkd.in/es7iNCXY #assetfinance #insurance #partnership

1st November – 25 Days to Go! 🚀 Asset Finance Connect UK Autumn Conference is just 25 days away! 🚀 Join us on 26th November at County Hall, London for cutting-edge insights into asset, auto and equipment finance and the future of the industry. Watch out for our daily conference updates and special offers leading up to the AFC UK Autumn Conference! 🔗 Find the Agenda at: https://lnkd.in/e98Mv3-h 🔗 Book now at: https://lnkd.in/ew6w-PVt #AFCUKConference2024 #AssetFinance #AutoFinance #EquipmentFinance #25DayCountdown

As the industry contemplates the fall-out from the Court of Appeal judgment, Friday’s Asset Finance Connect (AFC) webcast has been extended to one and a half hours to cover all the topics AFC members want explored. AFC will run its highest ever attended webcast on Friday from 2pm featuring Wayne Gibbard from Shoosmiths; John Phillipou Chair of the Finance & Leasing Association; and Jim Higginbotham, director general of the NACFB. Find out more at: https://lnkd.in/eN8_gPcd Register now at: https://lnkd.in/eyGUK6Wm

The Financial Conduct Authority’s failure to ensure its own rules are clear is a major factor behind current crisis in the motor finance sector, which has seen a string of lenders pull out of the market following the recent Court of Appeal ruling, according to Sir Howard Davies, the former chair of the Financial Services Authority, the FCA’s predecessor. Read more at: https://lnkd.in/e-t4aV3P

Stellantis has reported a challenging third quarter for 2024, with net revenues totalling €33.0 billion, a 27% decline compared to the same period in 2023. The company attributed this drop primarily to lower shipments, unfavourable pricing and product mix, and foreign exchange impacts. Find out more at: https://lnkd.in/e5QNacc5

In a landmark moment for British politics, Rachel Reeves has delivered Labour’s first budget in 14 years and the first by a female chancellor. Prime Minister Keir Starmer and his administration have framed this Autumn Budget as a turning point after what they describe as a period of economic instability under Conservative leadership. Discover what the Autumn Budget means for our industry and read the latest reactions at: https://lnkd.in/dyx2z5re

Regulators, industry bodies and lenders are holding urgent talks with the government in a bid to stabilise the #motorfinance market, which has been thrown into turmoil following last week’s Court of Appeal ruling on commission disclosure. A number of lenders have paused writing business, while others have seen share prices hit as they make provision for potential consumer compensation claims. Read more at: https://lnkd.in/dGwhhge4 #discretionarycommissioncrisis #autofinance #assetfinance #commissiondisclosure

Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organisation, will implement the company’s Open Finance Platform SaaS solutions in support of its automotive novated lease offering. Read more at: https://lnkd.in/edi4hXPE