Volvo Car Finance is to take its 'back office' business away from Lloyds-UDT and move it in-house with Ford Credit. The company has been part of Ford Credit since January this year and has been considering the move for some time.

Volvo will keep its own separate brand team at UK head office in Marlow and all Volvo Finance marketing and point of sale programmes will be managed from there. The Ford Credit and Ford Business Partner teams will handle finance, underwriting and processes for both retail and fleet finance programmes.