FCA updates proposals to improve funeral plan market standards

'Continuity for customers'

clock • 1 min read
The rules set out earlier this year introduced higher standards in the market and required firms to make sure plans are sold fairly.
Image:

The rules set out earlier this year introduced higher standards in the market and required firms to make sure plans are sold fairly.

The Financial Conduct Authority (FCA) has updated its proposals to better protect consumers within the funeral plan market to provide continuity for customers should a provider fail.

The new rules are in addition to measures already introduced in July this year to enhance consumer protection from 29 July 2022, according to the FCA. "Our new rules will provide continuity for customers...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation