Important: Complaints about Discretionary Commission Arrangements (DCA) in Motor Finance
As you may be aware, the Financial Conduct Authority (FCA) is reviewing the use of Discretionary Commission Arrangements in motor finance. The aim is to make sure customers received fair outcomes.
If you took out motor finance with Moneyway before 14 June 2017, in a small proportion of cases, a Discretionary Commission Arrangement may have been in place between Moneyway and the broker.
The FCA now expects to publish the findings from its review in May 2025. It has extended the pause on Discretionary Commission complaints until 4 December 2025. See below for further details of these changes.
What is a Discretionary Commission Arrangement?
Before January 2021, some lenders allowed brokers to receive a higher or lower rate of commission linked to the interest rates they offered customers for motor finance.
The FCA refer to this as a Discretionary Commission Arrangement.
The FCA believe this may have led to some customers receiving an unfair outcome and prohibited this type of arrangement after January 2021.
What has changed?
In January 2024, the FCA paused the 8-week deadline for motor finance firms to provide a final response to customer complaints about Discretionary Commission Arrangements. The FCA extended this pause in September 2024 to allow more time to complete its current review.
The pause only applies to complaints about motor finance agreements with a Discretionary Commission Arrangement between the motor finance lender and the broker (‘relevant complaints’).
We will apply this pause to all new and existing relevant complaints received since 17 November 2023, up to and including 4 December 2025.
Did Moneyway motor finance agreements involve Discretionary Commission Arrangements?
Before 14 June 2017, Moneyway motor finance agreements did sometimes involve Discretionary Commission Arrangements.
Since 14 June 2017, no Moneyway motor finance agreements involved Discretionary Commission Arrangements.
How do I determine if my Moneyway motor finance agreement involved a Discretionary Commission Arrangement?
Please email or write to us with your query. We aim to respond within 28 days.
Email:
Please write to us: Customer Resolutions, Moneyway, Yorke House, Arleston Way, Solihull, B90 4LH
Please provide your:
- Name, address and contact phone number
- Your account details – where available
- Explanation of your query
If we confirm that a Discretionary Commission Arrangement was involved in your Moneyway motor finance agreement, we will treat your enquiry as a complaint and respond accordingly.
When can I expect a response to my complaint about a Discretionary Commission Arrangement?
If you submit a relevant complaint to us, we have 8 weeks, beginning on 4 December 2025, to provide you with our final response.
If we cannot provide our final response within this timeframe, we will let you know when we expect to respond and inform you of your right to refer the complaint to the Financial Ombudsman Service (FOS).
You can still submit your complaint to us, whether this is about commission or any other matter. You will receive an acknowledgement and confirmation of the timescales that apply.
If you wish to submit a complaint, you can complete our Complaints and Resolutions form or contact us using the details in the previous FAQ above.
What else is changing?
The FCA has amended the deadline for referring relevant complaints to the Financial Ombudsman Service (FOS). You will have until the later of 29 July 2026 or 15 months from the date of our final response letter, rather than the usual 6 months, to refer your complaint to FOS.
We will confirm these timescales to you in our final response letter.
Other than in respect of the above changes, our complaints procedure will continue to apply as published on our websites.
If Moneyway and your broker did not have a Discretionary Commission Arrangement, these changes do not apply. We will handle your complaint within the usual timescales set out in our procedures.
Complaints
We're sorry if you are unhappy about the service we have provided.
We will explain what to do if you have a complaint and what you can expect if you complain to us. Your complaint gives us the chance to put things right and improve our service to you and other customers.
If you have a complaint, let us know as soon as possible.
What we will need to know?
- Your name, address and contact phone number
- Your account details, if you are a Moneyway customer
- Precisely what has gone wrong, and how and when it happened
- Is there anything specific you would like us to do to put things right for you
How do I contact you?
Online: You can raise a complaint online
Email:
Telephone: 0330 3031 286
Write to us: Customer Resolutions, Moneyway, Yorke House, Arleston Way, Solihull, B90 4LH
Our complaints handling process
If we are able to resolve your complaint within three business days of you first bringing the matter to our attention, you will receive a Summary Resolution Communication (SRC) letter in the post to confirm your complaint was dealt with to your satisfaction.
How will my complaint be resolved?
Where we have agreed a resolution, we aim for matters to be finalised as soon as possible.
You can view and download our full complaints procedure by clicking the link below.
Complaints Procedure (PDF)
Full Investigation
Some complaints are more complex than others and can take more time to fully investigate.
If we are unable to resolve your complaint within three business days, we will write to you to acknowledge your complaint by the end of five business days. We will confirm that we will be fully investigating your concerns, and advise when you can expect to hear from us again.
The investigation of your complaint will be undertaken by a member of staff who is unconnected with the subject matter of your complaint.
We aim to fully investigate and resolve your concerns as soon as possible.
Four Weeks
If we have been unable to resolve your complaint after eight weeks from when we receive it, we will write to you again to explain why there is a delay and confirm when we expect to send you our Final Response. We will also confirm your right to forward your complaint to the Financial Ombudsman Service.
Eight Weeks
If we have been unable to resolve your complaint after eight weeks from when we receive it, we will write to you again to explain why there is a delay and confirm when we expect to send you our Final Response. We will also confirm your right to forward your complaint to the Financial Ombudsman Service.
Resolution and final response
When we have completed our investigation, we will write to you setting out the detail of your complaint, the findings from our investigation and how we propose to resolve your complaint. This is known as a Final Response.
We will also confirm your right to forward your complaint to the Financial Ombudsman Service.
If you agree with our proposed resolution, we will complete any agreed actions at the earliest opportunity.
Financial Ombudsman Service
If you remain unsatisfied following receipt of our Final Response, or we have not provided a Final Response within eight weeks from receiving your complaint, you will have the right to refer your complaint to the Financial Ombudsman Service (FOS).
You can ask the Financial Ombudsman Service to look into your complaint for you. This is a free, independent service for resolving disputes between customers and financial institutions.. You should raise your complaint with us in the first instance. The Financial Ombudsman Service may refuse to review your complaint if we have not been given the opportunity to resolve it.
Email:
Website: financial-ombudsman.org.uk
Telephone: 0800 023 4567 or 0300 123 9123 (Calls may be recorded for training and monitoring purposes)
Write to: Financial Ombudsman Service, Exchange Tower, London, E14 9SR