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Pre-paid funeral plans: call for evidence

By June 4, 2018National News

Deadline 1st August

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

For more information and to comment go to the Government website

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