The Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) have initiated a review of funeral insurance regulations to address concerns about the framework’s relevance to socio-economic and cultural realities. The review follows feedback from regulators and funeral parlours about limitations in current rules that hinder the ability of businesses to serve vulnerable communities effectively. The FSCA aims to create a balanced approach, ensuring consumer protection while supporting funeral parlours in catering to diverse traditions.
