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LTC to be fully regulated by FSA

The Treasury has announced today long-term care insurance will be fully regulated by the FSA.

Treasury Economic Secretary Ruth Kelly says it is important to give customers adequate protection at an early stage of the development of the LTC market.

Kelly says: “By asking the FSA to regulate the sale and marketing of long-term care insurance, we hope to protect consumers and allow the market to develop within that regulatory environment.”


Hambros keeps an eye open for emerging companies

The third of JO Hambro Capital Management’s quartet of new retail products is the UK emerging companies fund.Emerging companies is an open-ended investment company (Oeic) listed on the Dublin Stock Exchange. It is aimed at experienced investors who are looking for growth over the long term and medium risk.To spread the risk, the Oeic will […]

R&SA Eurolife appoints European sales head

Royal & Sun Alliance Eurolife is appointing Nigel Watson as general sales manager, taking control of its pan-European business.Watson joins Dublin-based Royal & Sun Alliance Eurolife from Scottish Provident International, where he was director of international sales. He was previously sales manager for the United Arab Emirates and Bahrain with Eagle Star International.Watson says: “There […]

Corporate strategy for the industry?

I was impressed by last week&#39s article on branding (Money Marketing, October 18).As life insurers and asset managers adopt a more strategic approach to marketing, branding is moving from a communications-based proposition to the “centre stage in corporate strategy”,as the authors rightly state.However, the article does not develop the most critical issue. Does our industry […]

MediQuote signs deal with Misys IFA Services

Private Medical Insurance portal MediQuote has signed a deal with Misys IFA Services to provide a direct online quotation service to the 1,300 Kestrel and Countrywide members.The service had been previously available but only via fax or email rather than using the internet. This changed as of October 1, 2001 when IFAs belonging to the […]


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