Company Announcements

Dignity Welcomes HM Treasury proposals

Source: RNS
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           

www.buchanan.uk.com

 

 

 

+44 (0)20 7466 5000

Dignity@buchanan.uk.com

 

 

                               

 

                                               

                                 

 


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