Following an initial meeting between the Financial Services Authority (FSA) and long term care ...
Following an initial meeting between the Financial Services Authority (FSA) and long term care (LTC) industry figures on 15 May, representatives from both sectors attended a second meeting on 3 June to discuss regulation of LTC insurance. Attendees debated the issue of compulsory examinations under the new regulatory regime and whether mandatory exams would limit consumer access to professional advice. It was agreed an examination process should be in place for those wishing to sell and advise on immediate needs planning. The FSA is now consulting on the issues raised at the meeting and will report back later in the year.