AFM / Association of Financial Mutuals

Government must stop penalising those who have already purchased insurance to fund long-term care (LTC) and make promises on nursing care to support the introduction of other related products, according to National Friendly.

The Association of Financial Mutuals (AFM) has welcomed the FSA's exemption of Holloway protection products from the Retail Distribution Review (RDR) but said the ‘limited' concession does not go far enough.

The Association of Financial Mutuals (AFM) will meet Treasury officials to further explore its offer to play a significant role in assisting the Government's welfare reforms.