Compensation Bill [HL]

Could the Office of Fair Trading and the Competition Commission come into this as bodies that could make a reference and consider this emerging and changing market where apparently there are bad practices? One of the difficulties I have is that I listened to my noble friend Lord Hunt telling me about endowment policies. I would love to see a list of bad practices and not just be referred to one. If it really is an unregulated market that is not going to settle down and has to be regulated, some clear idea of the abuses taking place in that market is a fairly essential part of the information which the Committee needs.