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<p> </p><p>The competition powers of the Office of Fair Trading (OFT) passed to the
new Competition and Markets Authority (CMA) on 1 April 2014. Like the OFT, the CMA
is an independent authority, and therefore has complete discretion to investigate
those cases, which, according to its prioritisation principles, it considers most
appropriate.</p><p> </p><p> </p><p> </p><p>In the case of the private motor insurance
industry, the CMA is already conducting a market investigation, and on 12 June set
out for consultation its proposed changes to the market. These include a cap on the
charges to the insurer of an at-fault driver in an accident for the cost of providing
a replacement vehicle to the non-fault driver; better information for consumers; and
a ban on price parity agreements between price comparison websites and insurers. Further
details are available via this link to the CMA press release:<a href="https://www.gov.uk/government/news/cma-sets-out-changes-for-private-motor-insurance"
target="_blank">https://www.gov.uk/government/news/cma-sets-out-changes-for-private-motor-insurance</a></p><p>
</p><p> </p><p> </p>
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