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63832
registered interest false more like this
date less than 2014-06-25more like thismore than 2014-06-25
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Motor Vehicles: Insurance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Innovation and Skills, if he will request that the Office of Fair Trading investigates the level of competition in the car insurance industry. more like this
tabling member constituency Rochdale more like this
tabling member printed
Simon Danczuk more like this
uin 202297 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-06-30more like thismore than 2014-06-30
answer text <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>
answering member constituency East Dunbartonshire remove filter
answering member printed Jo Swinson more like this
question first answered
less than 2014-06-30T15:20:43.1074764Zmore like thismore than 2014-06-30T15:20:43.1074764Z
answering member
1513
label Biography information for Jo Swinson more like this
tabling member
4059
label Biography information for Simon Danczuk remove filter