Businesses offering retail finance can now save hundreds of pounds per year with ActSmart's new initiative
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Smart subscribers will be able to save time and money when offering retail finance with the new Retail Finance Appointed Representative
initiative, meaning they get all the benefits of offering regulated
finance with no Financial Conduct Authority (FCA) involvement.
Over the past year retail finance has played a key role in sales throughout the pandemic; when comparing Jan 2020 to Jan 2021 applications to purchase items through retail finance have increased by nearly 50%.
With more businesses realising the value that retail finance can bring to their business, ActSmart has now transformed the process to make it easier and cheaper than ever before. The brand new Retail Finance Appointed Representative service will save ActSmart subscribers both time and money on a yearly basis by removing the FCA acceptance and renewal processes.
Key benefits of the new service include:
- Offer regulated finance to your customers
- No initial FCA application fee - save £100
- No FCA yearly renewal fees (except any incurred prior to being appointed) - save a minimum of £150 per year
- No FCA paperwork - save time and effort
- Liaise directly with ActSmart not the FCA
- Offer finance with no subsidies
For more information and to apply for the Retail Finance Appointed Representative service please visit the ActSmart website here or get in touch at info@actsmart.biz.
Please note: Owing to the FCA fee structure and process for changing from a directly authorised business to an Appointed Representative ActSmart will currently be prioritising non-authorised businesses. Businesses that are already directly authorised by the FCA can still take advantage of the cost and time savings by becoming an Appointed Representative but the process will be completed nearer the next FCA reporting period.
All interested businesses should register using the form on this page and we will contact you in due course.