MPPI referred to Competition Commission

John Fingleton, chief executive of the OFT, says examination of the evidence received following the OFT’s proposal to refer the PPI market to the commission in October gives it reasonable grounds to suspect there are features of the market which restrict competition to the detriment of consumers. He says: “Despite some evidence of a degree of consumer satisfaction with aspects of the product, the evidence as a whole suggests consumers get a poor deal. This referral will enable the Competition Commission to undertake a thorough investigation of the market and, if necessary, ensure that app...