Financial Conduct Authority (FCA) regulation of pre-paid funeral plans – an update as at 21 February 2022

From July 2022 all funeral plan companies will need to be authorised by the Financial Conduct Authority (FCA). This will improve consumer protection for funeral plan holders.

There is increasing media interest in the funeral planning industry as it moves towards FCA regulation. Our funeral plan provider, Ecclesiastical Planning Services, has applied for authorisation by the FCA and remains positive that it will be authorised from 29 July 2022 when the new regulation becomes effective.

Ecclesiastical is also supporting a number of other funeral plan providers that do not intend to become authorised by the FCA and wish to make suitable arrangements for their existing funeral plans.

We can confirm that Ecclesiastical’s pre-payment funds remain safe and secure, and we urge customers not to be concerned at this early stage.

We will provide a further update in due course.

For more information on our funeral plans, please click here.