17 June 2022
Co-op Funeral Plans Limited, has today received notification from the Financial Conduct Authority (FCA) that it’s ‘intending to authorise’ its application to be regulated.
As the UK’s leading funeral provider, Co-op Funeralcare has, for a number of years, been outspoken in calling for greater direct regulation of this market to make sure customers are protected and can feel confident in their choice of funeral plan provider.
Funeral plans have and continue to play an important role in helping consumers to ensure their final wishes are acted upon, and when sold responsibly they also ensure that funeral costs can be met without placing financial stress on the next of kin.
Sam Tyrer, Managing Director Co-op Funeralcare, said: “The new regulations offer greater financial security and protection to consumers and we’ve long called for their introduction. We’re delighted the FCA Intends to Authorise our application and we continue to work with them as we get ready for regulation on 29th July.
“We’ve been supporting the bereaved in communities across the UK for over 150 years and we remain committed in ensuring that people can take control of their end of life wishes with access to affordable funeral plans that meet their needs and alleviate any financial pressure on family and loved ones.”
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