Commission Disclosure

Financial Conduct Authority Requirements

AFL (Fleet Management) Ltd is authorised and regulated by the Financial Conduct Authority (FCA).

Under FCA rules, credit brokers must disclose the existence of any commission, fee or other remuneration payable to them in good time before a regulated credit agreement or consumer hire agreement is entered into.

For the purposes of FCA regulation, “commission” means any financial consideration.

In accordance with CONC 4.5.3R of the FCA Handbook:

• We will disclose that we receive commission.
• We will disclose the nature of that commission.
• We will disclose the amount of commission if requested.

Please note that discretionary commission arrangements (DCAs) have been banned by the FCA since 28 January 2021. We do not operate any discretionary commission models.

Charges for Our Services

AFL (Fleet Management) Ltd acts as a credit broker, not a lender.

We do not provide finance directly. We work with a panel of finance providers and motor retailers to arrange regulated contract hire and consumer credit agreements.

We are typically remunerated by commission paid by the finance lender and/or the supplying motor retailer once your agreement becomes live.

The commission we receive:

• May be pre-set by the lender.
• May vary depending on the funder selected.
• May vary depending on the type and terms of the agreement.
• May take account of service levels achieved.
• May include volume-based arrangements agreed with certain lenders.

Commission arrangements may be reflected within the overall lease pricing structure.

Our remuneration does not affect the monthly rental quoted to you in a way that is determined by us, and we do not have the ability to adjust interest rates or rentals to increase our commission.

Disclosure of Commission & Customer Consent

In line with FCA requirements, we will:

• Inform you that we will receive commission.
• Disclose details of the commission arrangement.
• Disclose the amount of commission payable if you request it.
• Obtain your consent to receive commission before the agreement is concluded.

By signing our Commission Consent documentation, you confirm that you understand and consent to our receipt of commission from the lender and/or motor retailer.

Our Commitment

We regularly review our remuneration arrangements to ensure they do not create conflicts of interest, sales bias, or foreseeable harm, in accordance with the Consumer Duty.

If you have any questions regarding our commission arrangements, please contact us: