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New LTC minister announced

The minister with day to day responsibility for Government policy on long term care will be Jacqui Smith. Smith was previously a junior education minister.

She is expected to oversee the implementation of the Government decision to fund nursing care for the Department of Health. But much of the responsibility for how to regulate the financial services industry on long term care remains with the Treasury. The Treasury has already indicated it strongly favours catmarking ltc products in addition to FSA regulation.

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