The Competition Commission (CC) published on 6 November 2007 its emerging thinking in the payment protection insurance market investigation. It has also published nine working papers going into more detail in specific areas. The CC sets out where the evidence to date appears to be leading and the type of evidence it would need to see in order to change its thinking.
The CC is inviting comments on all these documents by 27 November 2007. Submitted comments can influence the future shape of the investigation and in view of the tight deadline, those interested in PPI should not delay making their voice heard.
The main points of in the CC’s emerging thinking are:
- The CC will focus on the amount of competition for PPI that distributors face at the retail level. In particular, it is interested in evidence to rebut the following views:
- the CC is examining whether consumers consider the cost of the combinations of the credit and the PPI or whether customers have little knowledge
