Regulation will no doubt bring clarity to the LTC market, but will it bring the increase in sales that providers so desperately need? Adele Burton finds out
The Treasury finally decided to regulate long term care insurance (LTCI) in October and it now appears that after almost a year of recommendations on the regulation of LTC, the market can now move forward and intermediaries can get to grips with advising clients on regulated LTC products. Chris Ellicott, technical manager at Age Concern Financial Partnership, believes the regulation of LTC will see more intermediaries offering this type of product. He says: 'Intermediaries cannot escape the issue of talking about LTC on the grounds of not knowing how it will pan out. Regulation shoul...
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