Posted on 30th June 2019 at 13:44
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A year after the government called for evidence on the regulation of pre-paid funeral plans, a consultation paper on its new proposed policy has just been published.
Having looked at how the market currently operates, the government is proposing that all funeral plan providers should be controlled by the Financial Conduct Authority (FCA).
The government says the objective is make sure that pre-paid funeral plan providers are:
• subject to robust and enforceable conduct standards
• properly overseen
• part of an appropriate dispute resolution process if things go wrong.