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Regulators target fake and misleading online reviews
The CMA (Competition and Markets Authority) is targeting fake and misleading online reviews because of the unfair impact it can have on competition within markets.
Nowadays, where most things can be bought and sold online, so can testimonials for products and services, and it’s this practice that the CMA’s aiming to stop. With how much influence the statements of other customers can have when it’s never been easier to shop around quickly, it seems that some companies are prepared to try and influence consumer choice with the power of fake reviews.
At the same time, it can be just as easy for someone to pay for bad reviews to hit one of their competitors as well.
Supply of construction services competition investigation
The investigation started by the CMA (Competition and Markets Authority) earlier this year into the supply of construction services is now set to proceed.
The decision looks to have been made after an initial information gathering exercise that has been carried out since March this year.
Given the scale of this industry, it’s another important when it comes to ensuring that there’s healthy competition in place that allows consumers to pay fair prices. Not only is competition important for keeping prices down, but it also allows players in the market to innovate in terms of efficiency and lowering costs for both products and services alike.
This can all benefit the consumer.
Hydrocortisone tablets competition investigation
Here’s the latest in the hydrocortisone tablets competition investigation that’s being conducted by the Competition and Markets Authority (CMA).
The history of this key study goes way back to October 2017 when the CMA started looking into alleged anti-competitive agreements and alleged abusive conduct. Exactly two years on, a great deal has happened as the CMA looks to ensure that the NHS and patients alike are not being ripped off by vastly wealthy pharmaceutical companies.
As we often say when the investigation involves the healthcare industry, this is a serious and important matter.
Privately funded healthcare services deadline looming
The deadline for continuing the Competition and Markets Authority (CMA) investigation into the privately funded healthcare services is looming.
The CMA has been looking into whether there’s any anti-competitive arrangements in the sector. If there are, competition may be stifled, and the consumer may be getting hit in the pocket.
When it comes to investigations that involve healthcare, they can often be the most important ones. They say that you can’t put a price on your health, but in reality, big medical companies and pharmaceutical giants literally do just that.
Funerals market investigation latest
Here’s the latest in the ongoing funerals market investigation that’s being conducted by the Competition and Markets Authority (CMA).
The market study was launched last year in June 2018. Research was commissioned to better understand the experiences and decision-making processes of people who had engaged the services of a funeral director. A number of businesses in the market responded after the launch of the market study and made comments in relation to the information gathering exercise that the CMA is undertaking.
With this being a market that will (likely) always be there, it’s an important one when it comes to making sure that competition is healthy in the sector.
Anti-virus software sector investigation latest
Here’s the latest in the important anti-virus software sector investigation that’s being conducted by the CMA (Competition and Markets Authority).
It’s an important one, especially given how prevalent cybersecurity is these days. There have been so many hacks and attacks in recent times that all organisations – both public and private sector – must invest properly to ensure that they’re defended.
But are service providers in the sector offering their vital line of defence in terms that are deemed as fair, and in the spirit of healthy competition? That’s essentially what the CMA wants to find out.
CMA launch review into unarranged overdraft alerts
Following the Retail Banking Market Investigation Order 2017, the Competition and Markets Authority (CMA) has announced a review into the unarranged overdraft alerts aspect of the order.
The decision for a review to be carried out by the CMA was outlined at the start of July. It involves potential changes that may come about as a result of the FCA (Financial Conduct Authority) becoming involved with new rules set for the end of the year.
With banks having made significant amounts of money for a number of years from fees charged for overdrafts, this continues to be an important matter for regulators to keep an eye on.
Anti-competitive agreements for pharmaceutical drugs: statement of objections issued
In the latest investigation into suspected anti-competitive agreements for pharmaceutical drugs, a statement of objections has been issued by the CMA (Competition and Markets Authority).
The statement was issued last month and relates to a number of pharmaceutical companies who stand accused of participating in anti-competitive behaviour. Whether it’s a case of formal agreements in place, or concerted practices, the issue surrounds the supply of 50mg and 100mg nitrofurantoin capsules in the UK.
This investigation by the CMA into the practices of pharmaceutical firms is one of many that have been ongoing for a number of years. They’re one of the most important areas the CMA needs to safeguard.
Privately funded healthcare competition investigation
The privately funded healthcare competition investigation was initiated by the CMA (Competition and Markets Authority) last month.
At this stage, it’s only an initial investigation, and as the CMA often confirm, there are no assumptions to be made at this moment in time. What we do know is that a decision as to whether the investigation will continue or not is set to be made in the next couple of months.
As more and more services are outsourced to the private sector in relation to healthcare, this could be a significant investigation.
Supply of precast concrete drainage investigation update
Here’s the latest in the investigation into the suspected cartel arrangements in the supply of precast concrete drainage sector.
The investigation being conducted by the CMA (Competition and Markets Authority) was launched way back in 2016. Since then, a number of steps have been taken, and admissions of participating in cartel behaviour have been made at the end of 2018.
The final penalty amounts have yet to be concluded and issued, but based on the most recent update from the CMA, we expect to be seeing more updates soon.