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ARTICLE · 29 MARCH 2021

FCA Launches Consultation On Regulation Of Pre-paid Funeral Plan Sector

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On 2 March 2021, the Financial Conduct Authority (FCA) launched a consultation CP21/4 on its proposals for regulation of the pre-paid funeral plan sector.

CanadaFinance and Banking
Kam Dhillon
Kam Dhillon
Ian Mason
Ian Mason
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On 2 March 2021, the Financial Conduct Authority (FCA) launched a consultation CP21/4 on its proposals for regulation of the pre-paid funeral plan sector. This follows concerns raised about the conduct and financial soundness of some pre-paid funeral plan providers.

Under the proposals, activities involving the provision and distribution of pre-paid funeral plans will come under FCA regulation from 29 July 2022. Focused on ensuring better value products, better sales practices, and better controls, the proposed new rules seek to give consumers confidence that they will receive the funeral they have agreed.

Who does the consultation impact?

This consultation will be relevant for:

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