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FCA lists firms not authorised as funeral plan providers

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​The Financial Conduct Authority has published a list of funeral plan providers which are not authorised from July 29.

The regulator published a list of 14 firms last week (July 22) which it said would not be authorised to sell new plans.

From July 29, all funeral plan providers will need to follow new FCA rules, which include a ban on cold calling and commission payments, as well as changes to appointed representative permissions and high standards on governance and financial resilience. 

Funeral plan holders will be able to refer complaints about a firm to the ombudsman and will be covered by the FSCS if their provider goes out of business.

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