Slavery and human trafficking statement

Discretionary Commission Arrangement (DCA) Complaints
On 11 January 2024, the Financial Conduct Authority (FCA) announced that it’ll be carrying out a review into discretionary commission arrangements within the motor finance industry. For more information, please click here.
Important update: We're back open for business.
Following the UK Court of Appeal judgment on Friday 25th October, we took the decision to pause new business from Monday 28th October while we worked to mitigate the legal implications to protect our dealers, brokers and customers.
We have now made the necessary adjustments to ensure the business can operate within the legal requirements set out in the judgment and are now open for new business in MotoNovo. We do understand the pause to new business created challenges for you, and we thank you for your patience and support while we have been navigating the impact of the judgment.

In line with the Modern Slavery Act 2015, Aldermore Bank plc and MotoNovo Finance Limited (together “Aldermore”), take a zero tolerance approach to slavery and human trafficking.

MotoNovo Finance joined forces with the specialist bank, Aldermore, to create further benefit for customers, dealers and communities. Aldermore is a British Bank founded in 2009 and is well-funded, robust and resilient. Aldermore also has the backing of FirstRand – one of the largest financial institutions in South Africa – of which MotoNovo has been a part of since 2006.

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