Market debates benefits of competition body proposals
Market debates benefits of competition body proposals
In a move met with much relief at the time, the Office of Fair Trading referred the UK private motor insurance market to the Competition Commission in September 2012.
The commission was replaced by the Competition and Markets Authority (CMA) in April of this year, and last month the government body released its provisional decision on remedies for the motor market.
One of the key points addressed in these findings concerned “wide most-favoured nation” (MFN) clauses.
Wide MFNs require that the
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