The Association of British Insurers (ABI) has called for regulatory changes on financial products in the long term care sector.
Speaking at the All Party Parliamentary Group on Housing and Care for Older People, Nick Kirwan, assistant director for health and protection at the ABI called for regulation to make advice more available and the products more flexible. He was answering points raised by Janet Morrison, chief executive of Independent Age, who said: "Alongside a Government social contract for care, we need to build in at the design stage requirements for information and advice. "We support the law Commission in its call for a statutory duty on local councils to oversee and ensure delivery of professiona...
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