The UK Competition Authority adopts a provisional decision on retail payment protection insurance remedies (PPI market investigation)

Background On 29 July 2010, the Competition Commission published its provisional decision regarding its investigation into the payment protection insurance (“PPI”) market [1] and invited comments to be submitted before 3 September 2010. The provisional decision was the latest step in a process which was triggered by a “super complaint” made in September 2005 by the Citizens Advice Bureau. Following this complaint, the UK's Office of fair trading (“OFT”) launched a market study in April 2006 and the issue of retail PPI was subsequently referred to the Competition Commission (the “CC”) in February 2007. The CC then published its final report in January 2009 in which it concluded that there was little competition in the market for PPI and found that there was an adverse effect on competition

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  • EFTA Surveillance Authority (Brussels)

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Stefan Mahoney, The UK Competition Authority adopts a provisional decision on retail payment protection insurance remedies (PPI market investigation), 29 July 2010, e-Competitions Interim measures, Art. N° 32344

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