FCA lists 24 funeral plan providers likely to be authorised

‘Boost consumer protection’

Ayesha Venkataraman
clock • 2 min read

The Financial Conduct Authority (FCA) has published a list of 24 funeral plan providers it intends to authorise when the pre-paid funeral plans industry comes under its regulation from 29 July.

The list includes the largest funeral plan providers and encompasses approximately 87% of existing customer plans. A small number of providers' applications are still being assessed by the regulator, the FCA said. All the providers in the market remain unregulated until 29 July, when the regulation comes into effect. It warned customers will not have access to compensation until then. Once in effect, funeral plan holders will be able to refer complaints about a firm to the Financial Ombudsman Service (FOS) and will be covered by the Financial Services Compensation Scheme if their provide...

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