Dignity PLC Dignity Welcomes HM Treasury proposals (8471A)
June 03 2019 - 1:00AM
UK Regulatory
TIDMDTY
RNS Number : 8471A
Dignity PLC
03 June 2019
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 +44 (0)20 7466 5000
Richard Oldworth
Chris Lane
Tilly Abraham
Buchanan +44 (0)20 7466 5000
www.buchanan.uk.com Dignity@buchanan.uk.com
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END
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