CP187: Protection is no longer "high risk" but LTC is "investment"

Long-term care insurance is to be classified as an investment product while protection products such as critical illness will no longer be seen as high-risk products. A statement announcing the FSA's latest consultation for general insurance regulation says protection products which were previously labeled as high risk products under CP160 will not be subject to a specifically tailored regime, but other requirements will be added to protect against different insurance risks. The FSA says long- term care insurance will no longer be seen as insurance but as investment so a separate ...