Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDTY.L Share News (DTY)

  • There is currently no data for DTY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-UK watchdog gives funeral operators three months to standardise prices

Wed, 16th Jun 2021 10:32

* CMA requires all funeral directors to list prices from
Sept.

* Prices must be displayed at premises and website

* CMA bans referral incentive payments to hospitals, care
homes
(Adds detail, background)

By Yadarisa Shabong

June 16 (Reuters) - Funeral directors and crematorium
operators in Britain have until September to show a standardised
list of prices, from overall costs to a break-down of the
products and services they offer or risk legal action, Britain's
competition watchdog said.

The Competition and Markets Authority (CMA) on Wednesday
ordered that from Sept. 16, all funeral directors must show the
price list at their premises and on their websites.

It has also banned from Thursday funeral directors from
paying hospitals, care homes and other institutions for customer
referrals and from soliciting business through coroner and
police contracts. (https://bit.ly/3zxANDd)

An investigation focusing on funeral directors and
crematoria services was launched in 2019 after a market study in
2018 revealed high prices were charged to distressed families
who relied on directors to help them navigate options.

The probe found, among other things, that prices for similar
services differed "considerably" between funeral directors and
the way information was provided, making it difficult for
grieving families to compare prices and choose.

However in August last year, the CMA said it could not
implement price controls because of the COVID-19 pandemic, which
has caused almost 128,000 deaths in Britain, the seventh highest
globally.

There are over 7,000 funeral companies in the United Kingdom
from small family firms to large corporations such as Dignity
and Co-op Funeralcare.

"We urge funeral directors and crematorium operators to
start making these changes now," CMA Panel Inquiry Chair Martin
Coleman said.

"We will be keeping a close eye on the sector and stand
ready to take action if firms don't follow the rules."

The standardised list must include the overall price of a
funeral, the price of the individual items comprising the
funeral, such as the type of ceremony and coffins, and certain
additional products and services such as flowers, the CMA said.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shounak
Dasgupta and Emelia Sithole-Matarise)

More News
11 Nov 2019 07:36

LONDON MARKET PRE-OPEN: Greggs Upgrades 2019 Guidance; UK GDP In Focus

LONDON MARKET PRE-OPEN: Greggs Upgrades 2019 Guidance; UK GDP In Focus

Read more
4 Nov 2019 15:58

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
27 Sep 2019 09:12

Dignity appoints Clive Whiley as chairman

(Sharecast News) - Funeral director Dignity has appointed Clive Whiley as its new chairman.

Read more
27 Sep 2019 08:31

Funeral Services Firm Dignity Appoints Clive Whiley As Chair

Funeral Services Firm Dignity Appoints Clive Whiley As Chair

Read more
9 Sep 2019 12:12

Aurora Investment Trust Net Assets Rise But Total Interim Return Lags

(Alliance News) - Aurora Investment Trust PLC on Monday said its net asset value rose in the first six months of the year but total return lagged behind its benchmark index.At June 30, a of

Read more
31 Jul 2019 10:17

Dignity Removes Dividend As Fall In Deaths Knocks Interim Figures

(Alliance News) - Funeral services provider Dignity PLC's shares fell Wednesday as the firm axed its dividend following a disappointing first half performance.Shares were 9.0% lower on

Read more
24 Jul 2019 16:13

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 25 July DiageoFull Year ResultsUnileverHalf Year ResultsAnglo

Read more
6 Jun 2019 16:11

UK Shareholder Meetings Calendar - Next 7 Days

Friday 7 JuneMarloweFerrexpoCircassia PharmaceuticalsMonday 10 Out 11 Health

Read more
13 May 2019 09:29

Dignity hit by drop in deaths, warns over full-year profit

(Sharecast News) - Funeral services provider Dignity posted a drop in first-quarter profit and revenue on Monday following a drop in the number of deaths, as it warned over its full-year profit.

Read more
13 May 2019 08:12

Dignity Holds Market Share As 2019 Begins Below Expectations

LONDON (Alliance News) - Dignity PLC on Monday said first-quarter performance fell short of its own expectations, due to far fewer deaths than forecast.Underlying revenue in the first of to

Read more
28 Mar 2019 08:41

CMA to probe soaring prices in funeral market

(Sharecast News) - The UK's competition watchdog will carry out an in-depth probe into the funeral services market after finding that the price of a funeral has increased at twice the rate of inflation each year for the past 14 years.

Read more
28 Mar 2019 08:32

LONDON MARKET OPEN: Tobacco Stocks And Johnson Matthey Propel FTSE 100

LONDON (Alliance News) - London stocks overcame weakness in the US and Asia overnight to open higher on Thursday, the FTSE 100 getting some help from tobacco majors and Johnson FTSE 100 up

Read more
13 Mar 2019 12:52

Wednesday broker round-up

(Sharecast News) - IAG: RBC Capital Markets upgrades to outperform with a target price of 650p.

Read more
13 Mar 2019 10:36

Dignity earnings tumble as it implements turnaround plan

(Sharecast News) - Funeral services provider Dignity announced its preliminary results for the 52 weeks ended 28 December on Wednesday, reporting a 3% fall in revenue to £315.6m.

Read more
6 Mar 2019 15:56

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 7 March Melrose IndustriesFull Year ResultsNMC HealthFull Year Year Year Year 8

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.