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Initial Disclosure Document

 

1  The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. Use this information to decide if ourservices are right for you.

2  Whose products do we offer?

  • We only offer products from a limited number of insurers for; 

Guaranteed Asset Protection & Mechanical Breakdown Insurance

Ask us for a list of insurers we offer products from. 

J S Holmes Limited is appointed to act as the agent of the insurers and not as your agent, when offeringor recommending the above products and where we collect any premium or handle premium refunds, wedo so as the agent of the insurer.

  • We act as a credit broker, not as lender, for the introduction to a limited number of finance providers only for;

Hire Purchase, Personal Contract Purchase (PCP), Personal Contract Hire, Lease Purchase & Personal Loan 

Our panel of Lenders, who may be able to finance your purchase are; 

RCI Banque 

We will only introduce you to these lenders. We do not offer independent financial advice. 

You are under no obligation to make use of any financial product arranged by J S Holmes Limitedfrom us. Other providers may offer similar products that may or may not meet your needs. 

3  Which service will we provide you with?

  • We will advise and make a recommendation for you after we have assessed your needs for; 

Guaranteed Asset Protection & Mechanical Breakdown Insurance 

  • We will review suitable finance products for you after we have assessed your needs for; 

Hire Purchase, Personal Contract Purchase (PCP), Personal Contract Hire, Lease Purchase & Personal Loan 

You are not obliged to agree with our recommendations or to make any purchase of a financial product. You may obtain free, independent financial and insurance advice from the Money Advice Service at www.moneyadviceservice.org.uk.

4  What will you have to pay us for this service?

  • We arrange the policy with the insurer on your behalf. You do not pay us a fee for doing this. We may receive a revenue from the sale of the product, which is based on the margin between the selling price, nett of Insurance Premium tax, and the cost price to us. 

You will receive a quotation which will tell you about any other fees relating to any particular insurance policy.

  • You will make no payment to us for introduction to finance providers, but we may receive apayment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. You may ask us for details of such payments.

5  Who regulates us?

J S Holmes Limited is an appointed representative of Automotive Compliance Limited which is authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltd’s FCA Register number is 497010. Automotive Compliance Ltd’s permitted business is to act as Principal for a network of motor dealer Appointed Representative’s who sell and arrange non-investment insurance contracts, acting as agents on behalf of theinsurers.

You can check this on the Consumer Credit Register by visiting the FCA's website www.register.fca.org.uk/ or by contacting the FCA on 0800 111 6768.

J S Holmes Limited is an appointed representative of Automotive Compliance Limited which is authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltd’s FCA Reference number is 497010. Automotive Compliance Ltd’s permitted business is to act as Principal for a network of motor dealer Appointed Representative’s who act as Credit Brokers for introduction to finance providers, acting on behalf of the lender. 

You can check this on the Consumer Credit Register by visiting the FCA's website www.register.fca.org.uk/ or by contacting the FCA on 0800 111 6768.

6  What to do if you have a complaint 

If you wish to register a complaint, please contact us;

... In writing Automotive Compliance Ltd, The Factory, 44 Alfred Street, Gloucester, GL1 4DD.

... by phone Telephone 01452 671560

... by e-mail complaints@automotive-compliance.co.uk

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7  Are we covered by the Financial Services Compensation Scheme (FSCS)? 

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.  Insurance advising and arranging is covered for 90% of the claim, without any upper limit.  For compulsory classes of insurance, insurance advising and arranging is covered for 100% of the claim, withoutany upper limit. 

Further information about the compensation scheme arrangements is available from the FSCS.

8  The Data Protection Act

J S Holmes Limited is also governed by the Data Protection Act. This ensures any information you give to us is secure and confidential. This information may be passed to other groups or affiliated members including RCI Banque. Without this information J S Holmes Limited is unable to process your order or enquiry. Under the Data Protection act you may have this information restricted or removed by telling J S Holmes Limited at a later date.  If you provide information and later wish to have this data restricted or removed from J S Holmes Limited records, please contact J S Holmes Limited on 0845 2717614.