Comparethemarket Risk Report

⚖️ Legal & Regulatory

Compare the Market has faced significant legal challenges, marked by high-profile regulatory penalties. This situation poses considerable risks to its reputation and financial standing, particularly given the gravity of the fines imposed. The company's previous encounters with regulatory bodies necessitate diligent compliance efforts to avoid future penalties.

• Comparethemarket was fined £17.9 million by the Competition and Markets Authority 🗓 November 19, 2020, for breaching competition law.
• The Competition Appeal Tribunal set aside the CMA's first antitrust fine for most favored nation clauses concerning Compare the Market 🗓 August 12, 2022.
• The UK regulator alleged that Compare the Market broke competition law 🗓 November 2, 2018.
• The company faced another fine of £17.9 million by the CMA for restricting competition 🗓 November 19, 2020.
• The Financial Times reported allegations of Compare the Market breaking competition law 🗓 November 2, 2018.

📜 Innovation & R&D

Despite challenges, Compare the Market continues to invest in innovation, exemplified by strategic alliances and product integrations. Such efforts can enhance market positioning and competitive advantage, crucial for sustaining long-term growth amidst industry transformation.

• The company introduced a robotic reimagining of its top mascot called Autosergei 🗓 December 24, 2018.
• 'Compare the Market' featured as a leading price comparison website despite offering the most expensive quotes 🗓 May 15, 2023.
• Compare the Market integrated Zopa Bank and Lendable services 🗓 June 7, 2024, on their platform, advancing its offerings in fintech.
• Oakbrook and Finio loans directly integrated onto Compare the Market's money platform 🗓 December 10, 2024.