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OFT competition investigation results in formal commitments from motor insurers to limit data exchange
- Edwards Wildman Palmer LLP
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- United Kingdom
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- January 20 2011
The UK Office of Fair Trading (OFT) announced on 13 January 2011 that seven insurance companies (Ageas Insurance Limited (formally Fortis Insurance Limited), Aviva plc, AXA Insurance UK plc, Liverpool Victoria Friendly Society, RBS Insurance Group Limited, Royal Sun Alliance and Zurich Insurance plc), and two IT software and service providers (Experian Limited and SSP Limited) have offered formal commitments to limit the type of information shared through a specialist market analysis tool
Competition Commission confirms its point of sale prohibition in respect of payment protection insurance
- Edwards Wildman Palmer LLP
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- United Kingdom
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- November 3 2010
In a report published in January 2009, the Competition Commission proposed a prohibition on the sale of payment protection insurance policies (PPI) at the point of sale (see our earlier blogs on the topic, including here
Financial Services Authority confirms payment protection insurance measures
- Edwards Wildman Palmer LLP
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- United Kingdom
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- August 13 2010
On 10 August 2010, the Financial Services Authority published a Policy Statement confirming its package of measures to protect consumers of payment protection insurance (PPI
Competition Commission consults on changes to the way retail payment protection insurance is sold
- Edwards Wildman Palmer LLP
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- United Kingdom
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- August 2 2010
On 29 July 2010, the Competition Commission published for consultation its provisional decision on remedies in relation to retail payment protection insurance (PPI
Regulation - the British Insurance Brokers Association response to the Competition Commission's decision on Payment Protection Insurance
- Edwards Wildman Palmer LLP
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- United Kingdom
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- July 6 2010
The British Insurance Brokers Association (BIBA) has written a letter dated 24 June 2010 responding to the Competition Commission's (CC) provisional decision of 14 May 2010 in relation to how Payment Protection Insurance (PPI) is sold
The Financial Services Authority introduces temporary PPI rule
- Edwards Wildman Palmer LLP
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- United Kingdom
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- June 17 2010
The Financial Services Authority (the FSA) has recently announced a temporary rule which will allow customers with complaints about the purchase of a payment protection insurance (PPI) policy more time within which to refer it to the Financial Ombudsman Service (the FOS
Partial victory on payment protection insurance (PPI)
- Edwards Wildman Palmer LLP
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- United Kingdom
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- October 29 2009
In our previous blog on 13 February 2009 (see our previous blog here), we wrote that the Competition Commission proposed prohibiting the sale of all PPI alongside a credit product eg a loan within 7 days of selling a credit product to that customer
Current Search
- Workarea - Insurance & Reinsurance
- Workarea - Competition
- Jurisdiction - United Kingdom
- Author - Brian Green