Menu
Regulation of pre-paid funeral plans
Compliance

We have received the following from the FCA:

 

 

“The FCA will regulate the sale and administration of pre-paid funeral plans from July 2022. We have today published:  

  • Our Policy Statement which sets out the majority of our final rules.
  • A Consultation Paper which covers proposed rules on resolution and access to the Financial Services Compensation Scheme in the event of regulated firm failure.  

Our regulation will lead to higher standards in the market and improve consumer protection.  

You can find out more about Funeral Plans regulation at our dedicated firms webpage. Information for consumers is also available on our website. “

Useful Links 

Regulating the funeral plans sector: what you need to know: https://www.fca.org.uk/firms/regulating-funeral-plans

For intermediaries: https://www.fca.org.uk/firms/regulating-funeral-plans-sector-what-you-need-know/intermediaries

Consumer page: https://www.fca.org.uk/consumers/funeral-plans

Don’t forget to check Our View about this article and the Actions Required By You

arrow-top-right

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

For information.

Action Required By You

For information.
SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Shirley McKenzie

Shirley has a wealth of industry experience and proven track record of working closely with firms to deliver high quality compliance and T&C solutions across a wide range of regulatory disciplines.

Contact Us

FCAprotection
Compliance

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Abstract 3D render

Tax Year End Update

Suitability , , ,

Our report writing software has been fully updated on 6th April 2024 to accommodate changes to allowances, rates and reliefs for the 2024/25 tax year. Full details can be found below: Pensions Existing ‘Lifetime Allowance’ wording removed and replaced with new ‘Lump Sum Allowance (LSA)’ and ‘Lump Sum and Death Benefit Allowance (LSDBA)’ wording. In […]

Read More
TBailey big bkg2

New Content Integration with T. Bailey Asset Management

Suitability , , ,

We have some exciting news on the latest upgrade to ATEB Suitability on 15th March 2024. This update comes at no additional cost and provides a new addition to our content integration library.     We have partnered with T. Bailey Asset Management to provide our customer firms with access to the following: A description of their […]

Read More
waverton big bkg

New Content Integration with Waverton Investment Management

Suitability , , ,

We have some exciting news on the latest upgrade to ATEB Suitability on 6th March 2024. This update comes at no additional cost and provides a new addition to our content integration library.     We have partnered with Waverton Investment Management to provide our customer firms with access to the following: A description of their service […]

Read More
8am bkg

New Content Integration with 8AM Global

Suitability , , ,

We have some exciting news on the latest upgrade to ATEB Suitability on 14th February 2024. This update comes at no additional cost and provides a new addition to our content integration library.     We have partnered with 8AM Global to provide our customer firms with access to the following: A description of their service A […]

Read More
mountains1920

New Content Integration with Invesco

Suitability , , , ,

We have some exciting news on the latest upgrade to ATEB Suitability on 2nd February 2024. This update comes at no additional cost and provides a new addition to our content integration library.     We have partnered with Invesco to provide our customer firms with access to the following: A description of their service A description for […]

Read More
Load More