FCA warns consumers against using two funeral plan providers ahead of July deadline

By Neasa MacErlean

The FCA is  “strongly”advising consumers against buyingfuneral plans from two providers that have not been conforming to itsauthorisation procedures. The Financial Conduct Authority takes on regulatory responsibilityfor funeral plan providers from 29 July. As of that date, an unauthorisedfuneral plan provider “will be committing a criminal offence if it attempts tosell or administer a funeral plan contract”, says the FCA in an  explanation of the change.