Designing bereavement around people, not paperwork: Surviving the FCA review

Only 47% of bereaved families feel adequately supported by financial firms

clock • 6 min read

Lisa Lund shares her insight on the FCA’s multi-firm review into bereavement processes and says it is not a threat to good advice firms...

When the FCA announced its multi-firm review into bereavement processes, I was not surprised. I was relieved. For years, those of us working directly with bereaved people have watched financial services firms struggle to provide a good service - not because of bad intentions, but because the system was never designed with death in mind.  Accounts get frozen. Letters arrive addressed to people who died three months ago. Families are asked to provide the same death certificate to five different departments in the same organisation.  Advisers, who know their clients better than anyone...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Rathbones review puts FCA client cash crackdown in the spotlight

Rathbones review puts FCA client cash crackdown in the spotlight

Wider implications for the DFM sector

clock 18 June 2026 • 5 min read
Aviva gets targeted support green light

Aviva gets targeted support green light

Latest provider to get FCA approval

Jen Frost
clock 17 June 2026 • 1 min read
Ongoing fees and Consumer Duty fair value: How advice firms can get it right

Ongoing fees and Consumer Duty fair value: How advice firms can get it right

The FCA has six open investigations into potential Consumer Duty fair value breaches

Brian McLaughlin
clock 16 June 2026 • 4 min read