UK's superior tribunal for appeals and judicial reviews
The Financial Conduct Authority has had parts of its £9.1bn motor‑finance compensation scheme suspended after legal challenges from Volkswagen Financial Services, Mercedes‑Benz Financial Services, Crédit Agricole Auto Finance and consumer group Consumer Voice. The Upper Tribunal has set hearings for December or February; lenders will not need to calculate or pay redress while legal proceedings continue, delaying mass payouts until at least 2027 if the scheme survives.
Consumer Voice has launched legal challenges against the FCA over its motor finance compensation scheme, arguing the plan short-changes consumers. The claims centre on the 3% minimum interest paid on redress and the decision not to add an 8% uplift. The Upper Tribunal will hear disputes in December or February, with rulings expected in the following months.