LTC insurance to be regulated


Posted on September 1st, by editor in Caring Times. No Comments

Insurance to cover the cost of going into care homes will be regulated for the first time, the Government has announced. In future only regulated advisers will be able to sell the products, and will be regulated by the City watchdog Financial Services Authority. Consumer organisations such as the Consumers’ Association are disappointed because they wanted minimum standards of quality imposed upon insurance. The regulation is part of an effort by the Government to promote long-term care insurance, although to date only just over 30,000 policies have been sold.





Comments are closed.


Latest blog posts

Time for a ten dollar answer

By Caring Times editor GEOFF HODGSON

Ernest Hemingway was known for his minimalist style and he used to pooh-pooh what he called “ten-dollar” words. Not to...

Lacking capacity

By guest blogger JEF SMITH

A friend of mine diagnosed with cancer – now, happily, treated – was asked how he could possibly have missed the...

Care homes – understated examples of tasteful design

By Caring Times editor GEOFF HODGSON

Dozens of recently-built care homes are material proof that it is perfectly possible to design aesthetically pleasing buildings and put...