Ruth Kelly, Economic Secretary to the Treasury announced today that long-term care insurance (L...
Ruth Kelly, Economic Secretary to the Treasury announced today that long-term care insurance (LTCI) is to be fully regulated and the FSA will have responsibility for regulating the selling and marketing of these products, to help prevent people from buying unsuitable policies. The decision follows the Treasury's December 2000 consultation document on long-term care insurance, which sought views on whether the selling and marketing of LTCI should be regulated by the FSA. There were 39 responses and over half agreed with the Government's preferred option that the FSA should be given the...
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