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