Schedule 1 of FSMA 2000 (Regulated Activities) Order 2001, as amended by the FSMA (Regulated Activities) (Amendment Order) (No 2) Order 2003, lists nine classes of long-term business as regulated activities. I. Life and annuity. II. Marriage and birth. III. Linked long-term. IV. Permanent health. V. Tontines. VI. Capital redemption. VII. Pension fund management. VIII. Collective insurance, etc. IX. Social insurance. There are 18 general insurance business classes listed as regulated activities.

Investment bonds designed to cover the cost of care in old age. They can be used to cover ‘residential home’ cost as well as the expenses incurred when care takes place in the home (i.e. residence) of the individual. See LONG-TERM CARE INSURANCE.