The Association of British Insurers (ABI) has called for regulatory changes on financial products in the long term care sector.
Defaqto and other ratings agencies have been attacked for "driving the wrong behaviour" by encouraging product complexity and being "in danger of misleading consumers".
PruProtect has called for protection insurance to be made compulsory and said it is already seeing signs of advisers switching to protection to anticipate the Retail Distribution Review (RDR).
The middle classes should pay the first £35,000 of their old age care and be encouraged to take out insurance to cover costs, according to reports.
The ABI has revealed it is opposed to a public compulsion to pay for future long-term care (LTC) needs.
The ABI has published its latest update to the critical illness (CI) statement of best practice which it hopes will improve customer understanding of the product.
The ABI has scrapped proposals to change the name of Total and Permanent Disability (TPD) cover on critical illness (CI) plans.
New ABI director general Kerrie Kelly has been confirmed as a keynote speaker at this year's Protection Review conference.
The ABI is considering proposing a protection scheme in which moderate-to-high earners are "encouraged" to buy their own protection rather than rely on state support.
Financial service providers will be exempt from a new law which bans age discrimination in access to services.