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

The return of redundancy cover – and why it's important

The return of redundancy cover – and why it's important

Standalone unemployment insurance is making a comeback

Kesh Thukaram
clock 02 April 2025 • 3 min read
PDG responds to FCA Pure Protection Market Study update

PDG responds to FCA Pure Protection Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read
FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: 'We're going into this with an open mind'

Jaskeet Briah
clock 28 March 2025 • 3 min read