Car buyers wanting to find qualified finance and insurance (F&I) salespeople can now search for them on the Institute of the Motor Industry’s (IMI) publicly accessible professional register.
The new ‘Finance and Insurance’ search term has been added to the IMI’s online database of motor industry professionals this month following the success of the association’s F&I Accreditation scheme.
Launched in partnership with ALPHERA Financial Services, the new accreditation scheme represents a significant step towards establishing consistently high standards in the sale of finance products, helping dealers to improve customer satisfaction and confidence in the transaction process. The addition of accredited F&I individuals to the IMI’s professional register allows customers to confirm that the person they’re dealing with is fully-qualified to provide the financial advice they’re offering.
Steve Nash, CEO of the IMI, on the importance of adding F&I accredited salespeople to its professional register: “The IMI’s publicly-accessible professional register recognises individuals who maintain their industry knowledge, skills and competency. For anyone looking to buy a car on finance, this is a vital resource and the epitome of transparency. Now car buyers can research who in the UK is professionally qualified to sell motor finance and insurance products and have total confidence in the transaction process.”
In its 2018 annual report, the FCA proposed establishing an official directory, cataloguing the status and history of individuals working in financial services and serving as an important public record of lender behaviour.