OFT to refer the PPI market to the Competition Commission
The Office of Fair Trading has today said it will refer the UK payment protection insurance market to the Competition Commission. It has published its analysis of the market for consultation prior to a final decision early next year.
OFT chief executive John Fingleton said: “Following the work we have undertaken it is clear that many consumers are failed by PPI - insurance which gives them a poor deal and often less protectionOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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