OFT publishes Annual Report 2010-11
Originally posted by 5corpio
The OFT today published its Annual Report for the last financial year alongside an estimate of the financial benefits of its activities to consumers.

The OFT focused on three key themes across its competition and consumer work during 2010-11 as summarised below. Achievements include:

High impact enforcement
  • A continued focus on high impact enforcement, including imposing fines totaling £225 million against certain tobacco manufacturers and retailers over unlawful retail pricing practices. Overall, fines of £254 million were imposed or agreed during the year.
  • Action in the credit industry to protect vulnerable consumers at risk of being exploited during the present economic uncertainty. This included securing a conviction against London Securities Limited for lending without a licence and warning 129 firms to become compliant with debt management guidelines or face losing their credit licences.
  • Consumer protection interventions including action against We Buy Any Car for unfair business practices, securing undertakings from certain postal gold firms that they would change their business terms and obtaining a ground-breaking High Court ruling that certain prize draw promotions breached the law.

Influencing and changing business and consumer behaviour
Undertaking work to promote compliance and help businesses, including reports on Drivers of Compliance with Competition Law and Consumer Law and Business Practice and.........Read more at the OFT Site: OFT publishes Annual Report 2010-11 - The Office of Fair Trading

Direct Links to Annual Reports: Annual Report - The Office of Fair Trading

PDF Link: http://www.oft.gov.uk/shared_oft/rep...rk/OFT1354.pdf