The UK Shareholders Association and ShareSoc have made a joint submission to the Competition and Markets Authority (CMA) in response to the update paper they have issued relating to their audit market study. Our submission is available here: CMA - Response to Update Paper Final
The key points we made were:
The need for radical change
The Siren voices, from those involved who argue for limited change, should be ignored.
The quality of audits needs to be improved.
Peer review is a good ...
The Competition and Markets Authority (CMA) have been tackling the lack of competition in the market for household utility supplies for some time. They are concerned that many customers have not switched suppliers for some years. Stuck on a basic tariff, they may be paying several hundred pounds a year over the market rates available by shopping around (for example by using price comparison web sites).
They were proposing a price cap for such tariffs, which would of course not be a ...