News

Pre-paid funeral plans

7 June 2018

The government believes the current self-regulatory framework for the funeral plan sector is not sufficient to ensure the fair treatment of consumers and believes a more robust regime is required

The call for evidence will help the government design a new framework which is fit for purpose.

The government is particularly seeking views on:

• how the pre-paid funeral plan market currently operates, particularly with respect to the types of business models in the sector both with respect to provision and distribution
• the potential risk of consumer detriment under the current regulatory framework, and if present, where this risk is most acute

• HM Treasury’s initial policy proposal to amend current legislation to allow for additional regulation of the sector by the FCA