Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with the Financial Conduct Authority on regulation of the funeral plans sector.

In January 2021, the government legislated to bring all pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA) from 29 July 2022. This has ensured that 1.6 million funeral plan customers are, for the first time, protected by compulsory and robust regulation.

Throughout this process, the government has worked very closely with the FCA to ensure that the regulation of the sector is proportionate and effective. The government and the FCA continue to engage regularly as we monitor the implementation of regulation in this sector.