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Deadline set for the investigation into funeral costs
The deadline has been set for the investigation into funeral costs that appear to have soared in recent years.
We should know by May 2019 whether any further action is to be taken. This could be a formal investigation into whether breaches of consumer law is taking place, or additional studies of the market and its workings.
To point out the obvious, we’re all going to die at some point. Given that dying comes with costs, this is an important sector when it comes to healthy competition and consumer protection. That’s not just because the industry is worth billions, or the fact that it’s usually a sad time for many, but also because there’s always going to be a market for it (we assume!).
Pharmaceutical competition investigation extended
The pharmaceutical competition investigation has had a key deadline extended this month. The time being allowed for the analysis of information has been moved.
The ongoing pharmaceutical competition investigation is an important one. The Competition and Markets Authority (CMA) is looking into potential breaches of important competition law. Specifically, they’re looking at two different generic pharmaceutical drugs and whether there are illegal anti-competitive agreements and conduct in place.
This is an important sector when it comes to healthy competition. Any breaches need to be severely punished.
The funerals market study is a currently being conducted by the CMA (Competition and Markets Authority) in the UK.
The scope of the funerals market study is to find out more information about the market to ensure it’s working fairly and efficiently. The key areas being assessed by the CMA include customer behaviours, customer experiences and decision-making processes that have led to customer decisions.
The review was initiated in summer this year and remains ongoing.