FCA regulation of the pre-paid funeral plan market began on the 29th July 2022. The FCA has issued a communication which is detailed below: ‘ Last Friday, 29 July, marked the first day of regulation for the pre-paid funeral plan market. The FCA has authorised 26 providers. Together these firms hold approximately 1.6 million plans, which…
Natalie McKail, the former Inspector of Funeral Directors in Scotland, has been appointed to succeed the Rt. Hon. David Heath CBE as chair of the Independent Funeral Standards Organisation. Natalie’s appointment reflects a decision taken by the NAFD Governing Board to make prudent adjustments to IFSO’s operational structure, in response to the ongoing developments in…
In a meeting before Christmas with the NAFD, the Competition and Markets Authority said that it considers levels of compliance with the Funerals Market Order, to date, to be ‘good’ – particularly given that statutory regulation is completely new to the sector and it can see that the majority of firms are now wholly or…
