Initial disclosure document - Insurance
The Financial Conduct Authority (FCA) is the national independent regulator of financial services. The FCA legally require us to provide you with an ‘Initial Disclosure Document’. This Document has a number of purposes, one of which is to ensure you are provided with essential information about us as a company, what we charge for our services, the products and services we offer and how we are regulated. It will also provide information on what you should do if you have a complaint and any details regarding the Financial Services Compensation Scheme.
About Select Car Leasing
Select Car Leasing is a trading style of Select Contracts UK Limited and is both authorised and regulated by the Financial Conduct Authority (FCA) We provide broker services to customers and work with our finance partners in order to find a suitable vehicle lease agreement for our customers. You can find more about what we do on our dedicated About Us page.
Our Head Office is located in Reading, Berkshire.
Whose products we offer?
Please be aware that if you do proceed with GAP Insurance your personal details will be shared with a third-party Insurance provider that we are partnered with to provide GAP Insurance and any other ad-on Insurance products. 'Select Contracts (UK) Ltd (trading style of Select Car Leasing') is regulated by the Financial Conduct Authority (Firm Reference number 916870). Please enquire if you would like any further information about any of this to enquiries@selectcarleasing.co.uk
We offer the following insurance facilities provided by AutoProtect (MBI) Ltd:
• Lease Guaranteed Asset Protection (GAP) Insurance
• SMART Insurance
• Key Insurance
• Alloy Wheel insurance
Who regulates us?
Select Car Leasing is a trading style of Select Contracts (UK) Ltd, who are regulated by the FCA: You can confirm this by visiting the register https://www.fca.org.uk/firms/financial-services-register or contacting them on: 0300 500 8082. Our firm reference number is 670832.
Our services
We offer a consultancy and sourcing service in respect of vehicle leasing. In assessing your requirements, we may seek such information about your personal circumstances and objectives as might be relevant to enable us to identify your needs. It is important that you provide us with accurate and relevant information. You will not receive advice or a recommendation from us, but we may ask questions to narrow down eligible products, from which you can more easily make your own choice if you so wish.
Costs for our Services
We receive financial remuneration which may be variable or pre-set dependent on the product and the volume that we place with Autoprotect. You will enter into a direct agreement with Autoprotect. We are paid a commission by Autoprotect once the agreement is set live. If you would like more information regarding the disclosure of commission, please email compliance@selectcarleasing.co.uk. We receive commission as a proportion of premium paid from our insurance provider if you decide to enter into an agreement with them.
What should I do if I have a complaint?
If you are unsatisfied with the service we provided for any reason then please visit our dedicated Complaints Procedure page.
Firms directly authorised by FCA and the Claims Regulator have a documented complaints procedure and a copy of ours will be made available to you upon request, or if you make a complaint against us. Should you have a complaint, please put it in writing to: The Complaints Team, Pacific House Imperial Way Reading RG2 OTD, telephone 0118 467 8656, or email complaints@selectcarleasing.co.uk.
The financial services compensation scheme (FSCS)
As with all firms directly authorised by FCA, Select Car Leasing Ltd is covered by the FSCS. This is the body established to operate and administer the compensation scheme, set up by major insurance companies, to compensate consumers when authorised firms are unable, or likely to be able, to satisfy claims against them. Insurance advising and arranging is covered for 100% of the first £2000 and 90% of the remainder of the claim without any upper limit.
