Funeral Planning Probate Service

Article by Phil

Funeral Plan providers are in the last stages of approval by the Financial Conduct Authority (FCA). From the 29th July the FCA will formally take over regulation of the whole industry, which has been planned for well over 12 months.

Part of a Probate Service, Funeral Planning has been on the FCA’s hitlist for some time. Concerns had been raised in the past about excessive levels of commission and cold calling in the industry. But these will both be banned by the FCA. So far the FCA has approved twenty four Funeral Planning type firms, which represent almost 90% of the overall market. It seems that there are still a few applications with the FCA for final scrutiny.

Any financial advice firms wanting to offer a Funeral Planning Probate Service will now have to be directly authorised to do so. Up until now this has been a non regulated activity. Quite a few of our clients have taken advantage of Funeral Planning services in the past. They can offer peace of mind about funeral arrangements and can also make things easier for family and friends at a sensitive time.

Funeral-Planning-Probate-Service

Once the FCA takes over, customers will benefit from the protection of the Financial Service Compensation Scheme in case anything goes wrong. This was one of the main concerns about the industry because firms are holding funeral pre payments. Sometimes for a number of years.

FCA regulation should help to boost customer confidence in the industry. Perhaps we will see different levels of firm in the future, just like the advice market where we are a Personal Finance Society Associate Firm.

Inheritance Tax Allowances

What are Frozen Allowances? Christina Clegg Financial Planning Services explains inheritance tax allowances.

All initial meetings to discuss your financial circumstances are FREE of charge, which is a great opportunity for us to get to know each other, before deciding how you’d like to proceed with any Probate Service needs. If you have any questions please feel free to give us a call on 01282 614444 or drop us an e mail to enquiries@ccfps.co.uk

Awards and Accreditations

Pension Transfer Gold Standard
Investment-Planner
Financial Vulnerability Taskforce
VF 23
Vouched For 2022
Vouched For 2021
Vouched For 2020
Vouched For 2019
Vouched For 2018
Vouched For 2017
Vouched For 2016
Vouched For 2015
Vouched For 2014

Adele was wonderful! She explained everything and made us feel at ease at all times. It was wonderful to deal with her.

Mr & Mrs C

Highly recommended to friends and relatives. Contacting Christina was the best thing we ever did. We wouldn’t be in the financial position that we are, without her.

Mr & Mrs L

Everything was explained in detail and all my questions answered giving me a better understanding of my circumstances.

Mr R