Financial Regulation of Funeral Services Bill

Key Points

• Applies FCA regulation to pre-paid funeral plan contracts to improve consumer protection.
• Amends the Regulated Activities Order 2001 to list funeral plans as a regulated activity.
• Covers providers, marketers, and administrators of pre-paid funeral plans to ensure compliance with FCA rules.
• Aims to improve transparency, sales practices, and redress for customers through FCA oversight.
• Affects platforms and channels involved in selling or administering funeral plans (including digital platforms).

Progress

Currently at the second reading in the House of Commons; the bill would need to pass through committee, report, and third readings in both Houses before becoming law.