ABI welcomes OFT referral as GTA rate review leaves cost unchanged
The Association of British Insurers welcomed the Office of Fair Trading's decision to provisionally refer the study into vehicle repair services to the Competition Commission criticising the exaggerated costs insurers pay for credit hire cars.
The news comes as Post learned that members of the ABI's General Terms of Agreement committee decided to not to change the GTA rate this year, but increased late payment charges by 4% and 7.5% for
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