§ Mr. CousinsTo ask the Secretary of State for trade and industry what regulatory measures exist, and through which agencies, to safeguard consumers' interests in the benefits provided by, and the marketing measures for, insurance and pension-related policies for long-term care; and whether he has referred any of these matters to the attention of the Director General of Fair Trading for his consideration.
§ Mr. RedwoodUnited Kingdom insurance companies underwriting such policies are subject to the normal prudential supervision of the Department of Trade and Industry. The benefits provided are a commercial matter for the companies concerned. Any long-term care contract arranged by an employer on behalf of its employees is separate from any pension arrangements. The marketing of long-term insurance contracts is covered by the rules of LAUTRO, the Life Assurance and Unit Trust Regulatory Organisation.