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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.”

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