Funeral plan regulation – November update
November 22, 2021
What has happened?
The FCA published on its website more information for funeral plan (FP) providers and intermediaries since we issued our first blog post on the regulation of the pre-paid funeral plan sector, available here. Also, in its Handbook Notice 90, published on 23rd July 2021, it confirmed, with some minor changes, the fee arrangements as originally proposed for funeral plan firms and applicable with effect from 1st September 2021.
What do you need to do?
This additional information, available here, includes more detail on how the FCA plans to regulate firms, how to apply for authorisation and appointing or becoming appointed representatives or introducer appointed representatives. There are pages specifically for providers and intermediaries.
How can we help you?
If you’d like to know more about how we can help you with your funeral plan arrangements, or any other regulatory compliance issues, our expert team is here to help.