Investec sets £30m provision for motor finance commission

Investec has set a £30m provision following the Supreme Court's judgment on motor finance commission paid by lenders to motor dealers acting as credit brokers.

The judgment was handed down on 1 August 2025. While it offers additional clarity, uncertainties remain around potential outcomes of appeals and future regulatory steps.

The FCA is expected to publish a consultation on an industry-wide redress scheme by early October 2025. Investec believes its current provision remains adequate.