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15 February 2007
Issue: 7260 / Categories: Legal News , Property , Competition
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Payment protection under scrutiny

News

The Competition Commission is inviting evidence from interested parties following the Office of Fair Trading’s (OFT’s) decision to refer the market for the supply of payment protection insurance in the UK to the commission.
The market reference follows an initial OFT study into the sector and a public consultation.

John Fingleton, OFT chief executive, says: “Our examination of the evidence presented to date gives us reasonable grounds to suspect that there are features of this market which restrict competition.

“Despite some evidence of a degree of consumer satisfaction with aspects of the product, the evidence as a whole suggests consumers get a poor deal. This referral will enable the Competition Commission to undertake a thorough investigation of the market and, if necessary, ensure that appropriate remedies are put in place.”

However, Michael Coogan, director general of the Council of Mortgage Lenders, says: “This referral sends out entirely the wrong message to consumers.

“While we will co-operate as fully as possible with the Competition Commission to examine the issues, we are extremely disappointed that the special and unique position of mortgage payment protection insurance has been ignored by the OFT in reaching this counter-productive decision.”
Interested parties are asked to write to the commission before 2 March 2007.

More information is available at www.competition-commission.org.uk.
 

Issue: 7260 / Categories: Legal News , Property , Competition
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MOVERS & SHAKERS

Foot Anstey—Jasmine Olomolaiye

Foot Anstey—Jasmine Olomolaiye

Investigations and corporate crime expert joins as partner

Fieldfisher—Mark Shaw

Fieldfisher—Mark Shaw

Veteran funds specialist joins investment funds team

Taylor Wessing—Stephen Whitfield

Taylor Wessing—Stephen Whitfield

Firm enhances competition practice with London partner hire

NEWS
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The AI revolution is no longer a distant murmur—it’s at the client’s desk. Writing in NLJ this week, Peter Ambrose, CEO of The Partnership and Legalito, warns that the ‘AI chickens’ have ‘come home to roost’, transforming not just legal practice but the lawyer–client relationship itself
A High Court ruling involving the Longleat estate has exposed the fault line between modern family building and historic trust drafting. Writing in NLJ this week, Charlotte Coyle, director and family law expert at Freeths, examines Cator v Thynn [2026] EWHC 209 (Ch), where trustees sought approval to modernise trusts that retain pre-1970 definitions of ‘child’, ‘grandchild’ and ‘issue’
Fresh proposals to criminalise ‘nudification’ apps, prioritise cyberflashing and non-consensual intimate images, and even ban under-16s from social media have reignited debate over whether the Online Safety Act 2023 (OSA 2023) is fit for purpose. Writing in NLJ this week, Alexander Brown, head of technology, media and telecommunications, and Alexandra Webster, managing associate, Simmons & Simmons, caution against reactive law-making that could undermine the Act’s ‘risk-based and outcomes-focused’ design
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