Competition watchdog sets rules for comparison sites

clock • 1 min read

The Competition and Markets Authority (CMA) has published its final report following a market study into the use of price comparison sites and other apps.

The year-long examination found these sites offer a range of benefits, including helping people shop around by making it easier to compare prices and forcing businesses to up their game. Where sites are not working in people's best interests, however, the CMA said it was taking action. As part of this, it is opening a competition law investigation into how one site has set up its contracts with insurers, because it suspects this may result in higher home insurance prices. The CMA has set rules for all sites on issues such as communicating how they plan to use people's personal data an...

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 Regulation

Treasury expected to start hunt for next FCA CEO – reports

Treasury expected to start hunt for next FCA CEO – reports

Process to begin in 2025

Sorin-Andrei Dojan
clock 11 November 2024 • 1 min read
Law, not likes: Cracking down on social media financial promotions

Law, not likes: Cracking down on social media financial promotions

‘Every individual social post or communication must comply with the rules’

Sarah Wylie and Owen McLennan
clock 28 October 2024 • 4 min read
How Labour can support investment management vibrancy

How Labour can support investment management vibrancy

The formation of a new government – now just over 100 days’ old – has brightened the spotlight on UK financial services regulation, writes IIMI CEO Dani Hristova

Dani Hristova
clock 28 October 2024 • 4 min read