Finance
UK Supreme Court to rule on motor finance commissions on August 1
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
The UK Supreme Court will rule on motor finance commissions on August 1, potentially leading to a significant consumer redress scheme involving brokers and lenders.
LONDON (Reuters) -The United Kingdom's Supreme Court will give its long-awaited ruling on motor finance commissions, which will inform a potentially multi-billion pound consumer redress scheme, on August 1, the court announced on Friday.
British lender Close Brothers and South Africa's FirstRand are seeking to overturn a landmark Court of Appeal judgment, which said brokers must have customers' fully informed consent to receive a commission from lenders.
Britain's Financial Conduct Authority (FCA) is considering a redress scheme which could leave brokers paying out tens of billions of pounds – and has previously said it will confirm whether to do so within six weeks of the Supreme Court's ruling.
(Reporting by Sam Tobin; editing by William James)
The UK Supreme Court will rule on motor finance commissions, which will inform a potentially multi-billion pound consumer redress scheme.
British lender Close Brothers and South Africa's FirstRand are seeking to overturn a landmark Court of Appeal judgment regarding broker commissions.
The Financial Conduct Authority (FCA) is considering a redress scheme that could result in brokers paying out tens of billions of pounds.
The Supreme Court is expected to give its ruling on motor finance commissions on August 1.
The Court of Appeal judgment stated that brokers must have customers' fully informed consent to receive commissions.
Explore more articles in the Finance category
