Royal London comments on CMA warning over Experian and Clearscore proposed merger

The announcement can be found here: https://www.gov.uk/government/news/merger-of-credit-score-firms-could-reduce-competition-in-sector 

Becky O’Connor, personal finance specialist at Royal London, said: “credit scoring agencies are the gatekeepers to financial well-being. People rely on their credit scores for major life events such as buying a home, through to being approved for a car loan or even something as fundamental as a bank account. So ensuring competition and innovation in this market is about much more than profit margins, it’s about making sure people can still access the financial services that they have come to depend on, at the best possible rates.”

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