Financial Conduct Authority
Pre-paid funeral plans - FCA publishes Dear CEO letter - 12 November 2021
The FCA has published a ‘Dear CEO’ Letter from Matt Brewis, Director of Insurance & Conduct Specialists, to pre-paid funeral plan providers on its forthcoming regulation of this market. The letter states that if funeral plan providers (or intermediaries) are not authorised or exempt by 29 July 2022 they must stop distributing and/or administering funeral plans as this will become a regulated activity as at that date. The letter highlights that to continue a regulated activity without authorisation is a criminal offence.
‘Dear CEO’ Letter from FCA Director of Insurance & Conduct Specialists, Matt Brewis