Consultation outcome

Payment Protection Insurance Market Investigation Order 2011

This consultation has concluded

Download the full outcome

Decision to undertake review

Detail of outcome

Following the Invitation to Comment, the CMA has decided to launch a targeted review of the Payment Protection Insurance Market Investigation Order 2011.

Original consultation

Summary

The CMA invites comments on whether to conduct a limited review of the PPI Order.

This consultation ran from
to

Consultation description

The CMA proposes to launch a limited review of the Payment Protection Insurance Market Investigation Order 2011 (the Order) in response to the introduction of the Insurance Distribution Directive.

The Order states PPI providers must provide policy holders with policy summaries which contain a summary of the PPI policy in a prescribed format. The Insurance Distribution Directive, when transposed into UK law, will mandate that PPI providers must provide policy holders with an Insurance Product Information Document (IPID), which will contain similar information to the summary in the Order.

We are considering a variation to the Order to avoid this duplication.

Documents

Invitation to comment

Published 2 August 2018
Last updated 6 September 2018 + show all updates
  1. Full outcome published.
  2. First published.