Funeral Planning Authority increases its independenceAugust 16, 2017 // No Comments
The Funeral Planning Authority (FPA) has made some major changes which increase its independence. Several new independent board members have joined the FPA, with representatives from funeral plan providers stepping down. The changes are designed to enhance the regulator’s future role and independence.
Graeme McAusland, the FPA’s CEO, said: “These structural changes to the FPA have been made in recognition of the fact that the pre-paid funeral market continues to develop, and the FPA’s regulatory model needs to be aligned with that development.
“We envisage this new model will see increased activity from the FPA, a review of our Rules and Code of Practice, and a heightened focus to ensure that customers recognise the importance and value of using a provider who is registered with the FPA.”
The fundamental changes have led the FPA to become a community interest company, in recognition of its increasingly important role in driving up standards, and helping protect and support families to make the right choices. That is especially relevant this year as regulation of funeral planning has been discussed for the first time in parliament, and been a growing issue in the press.