SAF & FCA Approved Status

What is SAF?

What does the learning cover?

Originally known as ""the SAF test' or ""SAF competency test' - SAF Expert provides learners with intermediate level knowledge of 9 different motor finance products used by customers to buy or lease vehicles. The learning also covers the key FCA principles and rules for the sale of motor finance and other important regulations such as those relating to unfair trading and anti-money laundering.

SAF Expert is the standard level of learning for staff involved in the sale of motor finance to customers.

Finance Product Knowledge

• Finance structures - how motor finance products are structured
• Finance products - The structure, common profiles and features of all motor finance products commonly used in the market.
• Interest rates - An explanation of variable and fixed interest rates.

Regulatory Knowledge

• Consumer credit and the FCA - Changes to how consumer credit is regulated, principles based regulation and the FCA's permission and authorisation process.
• Promoting and selling motor finance - How FCA rules and legislation determine the way motor finance should be promoted, provided and explained to consumers, and the customer's rights once the finance agreement is in place.
• General legislation impacting on the sales process - including unfair trading practices, distance selling, the protection of personal data and the prevention of money laundering.

Our approval status : Approved - VIEW CERTIFICATE