National Association of Funeral Directors | NAFD

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FCA regulation of the pre-paid funeral plan market

3 August 2022

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…

BBC Breakfast: What happens to funeral plans taken out with firms that don’t become authorised by the FCA?

23 February 2022

In this morning’s (23 February 2022) story on BBC Breakfast about the forthcoming regulation of funeral plans, the Financial Conduct Authority highlighted the potential impact on consumers who have taken out funeral plans with plan providers that either do not become authorised to continue trading after July, or who choose to withdraw from the market…