3 Jun 2019 07:00
For Immediate Release | 3 June 2019 |
Dignity plc
Dignity Welcomes HM Treasury proposals for FCA regulation of the funeral plan sector
Dignity plc (Dignity or the Group), the UK's only listed provider of funeral related services, welcomes the announcement from HM Treasury regarding its decision to introduce statutory regulation of pre-arranged funerals through the Financial Conduct Authority.
For many years Dignity has led calls for regulation and its research, published together with Fairer Finance, has highlighted the poor sales practices and financial management risks that certain providers engage in.
Mike McCollum, Chief Executive of Dignity plc, commented:
"Dignity has long led the industry in best practice and has called for regulation of the pre-paid funeral plan sector to protect consumers. We are pleased that HM Treasury has taken this decision and, during the transition period, will continue to deliver the high standards of selling and administration of pre-arranged funeral plans that we already provide."
For more information
Mike McCollum, Chief Executive Steve Whittern, Finance Director Dignity plc
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+44 (0)20 7466 5000 |
Richard Oldworth Chris Lane Tilly Abraham Buchanan www.buchanan.uk.com |
+44 (0)20 7466 5000 Dignity@buchanan.uk.com |