MPs call for tighter regulation of long-term care

The development follows letters sent by Symponia members to local MPs in October, which argued the FSA is “merely paying lip service” to providing tougher regulation for financial advice for the elderly. Janet Davies, joint managing director of Symponia, says MPs such as Peter Lilley, former shadow chancellor and deputy leader of the Conservative Party, Ian Lucas, John Maples and Roger Gale have all written to the FSA and/or the Treasury supporting Symponia’s campaign and arguing LTC regulation needs to change. In its letter to MPs in October, Symponia said the FSA requirement adviser...