top of page
Data on a Touch Pad


Regulation of the funeral plan market

On 5 July 2021, the Financial Conduct Authority (FCA) launched a consultation (CP21/20) on its proposals for regulating the pre-paid funeral plan sector. This is part of an extensive regulatory change in the pre-paid funeral plan market.

Under the proposals, the FCA will take over regulation from the Funeral Planning Authority (FPA) on the 29th July 2022.

First Steps

If you are a business in the pre-paid funeral plan market, you should be taking steps now to check how the new rules and regulations affect you and what steps are required to ensure your business is compliant with the new FCA rules and regulations.

1. Does this apply to you?

The proposals will apply to you if you are a:

  • Provider: firm that enters into funeral plan contracts with consumers and/or which carry out funeral plan contracts that have previously been agreed (including in relation to plans that were sold prior to the new rules becoming effective)

  • Intermediary: firm that advises customers on funeral plan contracts or arranges them for customers (this may include funeral directors and writers of wills)

  • Insurance firm: firm that provides life insurance policies that back some funeral plans

  • Trustees and Discretionary Investment Manager: where your role is carried on in relation to trusts that back some funeral plans