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LTC insurance regulation on hold until 2004

The regulation of long term care insurance has been pushed back until 2004 to coincide with the introduction of mortgage and general insurance regulation a Treasury source has confirmed.

The news will not come as a shock to many in the LTC industry who are still waiting for consultation from the Government on the details of what legislation would look like.

Regulation of LTC was due not before January 2003 with the Treasury now saying it will not be introduced until the following year.


Norwich Union looks to a sure future

Considering the commission payable for the product, Both says:”Not excessive for the work involved, but in line with themarket.” Pack feels the single premium rate is too high.Moving on to the product literature, Colsell says: "Good,not too complicated, but I think some examples of premiums wouldbe helpful."Pack feels it is clear and easy to read, […]

Concern at FSA split-cap delay

IFAs have criticised the FSA for failing to act sooner to prevent fund managers issuing marketing material which failed to spell out the risks that some split-capital trusts can pose to investors.In a report issued last week, the regulator pledged to formally investigate investment trusts it believes were guilty of producing marketing literature for advisers […]

Abbey National launches fund supermarket

Abbey National has become the first high street bank to launch its own funds supermarket. It will be called FundsCentre and will carry 280 funds. Abbey National says the move is part of a strategy to boost its wealth management and savings business. It says it will demonstrate how a main high street name can […]

Premier Asset Management – Premier Income & Growth Plan II

Thursday, 23 May 2002 Type: Closed-ended investment company Aim: Income or growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £7,000 Place of registration: Dublin Investment split: 100% in Premier equity & growth fund Guarantee: Capital returned in full at end of term provided the FTSE 100 index does nbot […]


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