Dignity PLC Statement re: CMA's Final Decision Report (1539J)
December 18 2020 - 3:09AM
UK Regulatory
TIDMDTY
RNS Number : 1539J
Dignity PLC
18 December 2020
For immediate release 18 December 2020
Dignity plc
Statement re: CMA's Final Decision Report
Dignity plc (Dignity or the Group), the UK's only listed
provider of funeral related services, acknowledges the release
today of the Competition and Markets Authority's (CMA) Final
Decision Report (FDR).
As previously stated, Dignity has engaged constructively with
the CMA since the market investigation into the supply of services
by funeral directors at the point of need and the supply of
crematoria services was announced in June 2018. Dignity strongly
supports the opportunity to improve standards within the sector and
educate the expectations of consumers.
We support the FDR conclusions, which focus on measures to
support consumer choice and transparency. We also welcome the CMA's
recommendation to Government for quality and standards regulation
in the UK.
Clive Whiley, Executive Chairman of Dignity commented:
"We welcome the Competition and Markets Authority (CMA) Final
Decision Report for the funeral and crematoria market
investigation. Dignity has engaged openly and collaboratively with
CMA throughout the investigation . In fact Dignity has been working
to raise awareness regarding issues of transparency and consistency
in the quality of care across the funerals sector for a number of
years. In the months ahead, we look forward to working with the
regulator and the Government to ensure the package of remedies work
for consumers, and that they are implemented effectively across the
market.
Finally, we also note the acknowledgement from the CMA that
there is evidence, even before COVID-19, that perceived excess
returns have declined since the review period (2014 to 2018)
expired two years ago ."
For more information
Clive Whiley, Executive Chairman
Dignity plc +44 (0) 207 466 5000
Richard Oldworth
Chris Lane
Tilly Abraham
Buchanan +44 (0) 207 466 5000
www.buchanan.uk.com dignity@buchanan.uk.com
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