Briefing: Compare the Market fine a fitting end to a sorry chapter
“Ridiculous”, “harmful”, “anti-competitive”. These were the words used by Money Supermarket managing director of financial services Graham Donoghue to describe wide ‘most favoured nation’ clauses during a Competition Commission hearing back in 2013.
Wide clauses contractually barred insurers from offering better prices on both their own websites and across other price comparison websites.
Following the CC’s 2013 investigation, the wide clauses
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Insurers continue to face the challenge of distinguishing and differentiating themselves on anything other than being among the cheapest providers.