FCA consults to improve pre-paid funeral plan standards

The consultation, which closes on 13 April, lays out draft rules outlining how the financial watchdog will act to protect consumers. In January, the Treasury introduced legislation that brought the sale and administration of funeral plans under the FCA's remit. This came after concerns were raised within the media and by consumer groups about the conduct and financial soundness of some pre-paid funeral plan providers. As a result, from 29 July 2022, activities involving the provision and distribution of pre-paid funeral plans will come under our regulation, and firms conducting these ...