The Regulation of Funeral Plan Providers - What the FCA Expects

Introduction

Since July 2022, funeral plan providers and funeral plan intermediaries must be authorised by the Financial Conduct Authority (‘FCA’), to adopt an exempt status, or rely on an exclusion to carry on regulated funeral plan activities in the UK.

Those firms which are authorised must also now comply with new conduct of business rules in the FCA handbook.

This webinar will explore what changes were made to the exiting regulatory regime, the definition of regulated funeral plan activities, the availability of statutory exclusions or exemptions, and what is happening with existing funeral plans.

What You Will Learn

This webinar will cover the following:

• The changes which have been made
• What regulated funeral plan activities are
• The definition of a funeral plan contract
• The available statutory exclusions and exemptions
• What has happened/is happening to existing funeral plan providers and funeral plans
• The authorisation and supervision by the FCA of funeral plan providers and funeral plan intermediaries

This webinar was recorded on 9th January 2023