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