Planet Insurance - the OFT and PMI

clock

Happy new year, and some potentially good news on PMI premiums.

The OFT has provisionally decided to refer the market for private healthcare to the Competition Commission. They are running a consultation exercise on this and the closing date for comments is 30 January 2012. This decision is the culmination of a detailed market report, and a literature review on competition methodology in the sector. In essence, the OFT believe that they have identified four aspects of the market that can restrict competition and can prevent patients, GPs and PMI insurers choosing between competing service providers, including new entrants, on the basis of quality of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Record protection payouts must spur advisers on

Record protection payouts must spur advisers on

These aren't products that sell themselves

Ahmed Bawa
clock 01 November 2024 • 5 min read
Could a broader advice definition boost protection's reach?

Could a broader advice definition boost protection's reach?

'No one wakes up in the morning thinking about buying life insurance'

Paul Yates
clock 22 October 2024 • 4 min read
Are we talking enough about protection and succession planning?

Are we talking enough about protection and succession planning?

Why are more IHT liabilities for gifts not being protected?

Naomi Greatorex
clock 30 September 2024 • 4 min read