CMA opts to ban all motor aggregator deals
Regulator decides that price parity agreements between insurers and brokers and price comparison sites should be banned across the board.
The Competition and Markets Authority is set to ban all types of motor insurance aggregator deals following a consultation.
It was thought that the proposal - which means price comparison websites cannot agree the lowest priced deals with insurers and brokers - would only apply to aggregators with sales over 300,000 a year.
The order is set to come into force on April 19. The CMA also told the sector that the remedy to offer consumers better information on no claims bonus protection must now be
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