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Court quashes ban on income protection sales by banks

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The Competition Appeal Tribunal has ruled that the Competition Commission must reconsider its plans to ban selling payment protection insurance at point of sale.

 

In Barclays Bank v Competition Commission, the Competition Appeal Tribunal decided that the imposition of the point of sale prohibition must be quashed and remitted for reconsideration.

 

The tribunal concluded that the commission had failed to take into account the loss of convenience that would flow from the imposition of the ban in assessing whether it was proportionate to include it in its proposed remedies package.

   

Income protection insurance: News update: 17 October 2009

 

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