We’re supporting the new FCA regulations

February 24, 2022 

In September 2021, One Life Funeral Planning along with other prepaid funeral plan providers started to demonstrate to the Financial Conduct Authority (FCA) how we plan to meet the regulatory standards for our sector.

The new regulations come into effect on 29 July 2022, which means from the end of July the FCA will expect companies within the sector to ensure compliance with treating customers fairly.

At One Life, along with other reputable companies, we welcome this action purely and simply because it is in the best interest of our customers.

As a business One Life takes all of its responsibilities very seriously indeed and rightly so. The money our customers have paid towards their funeral is safely held in a Trust which is not run by One Life Funeral Planning – it’s run by Trust experts. Our Trust is audited every year by an independent Actuary, and based on the last report, our funds are being managed exceptionally well, so our customers have no need to worry – the money is safe and there when they need it. When the One Life Trust was first put in place we were already aware of the rules that the FCA would be bringing. 

Again, we’d just like to add that One Life and all of our people fully support the regulation from the FCA. If any of our customers have any questions, please get in touch with our team on 0333 339 9399 and they will be more than happy to help.

What is the FCA?

The FCA is the public regulatory body that was set up in 2003 to ensure the UK’s finance markets and products are honest, fair, and effective so that consumers get a fair deal.

Under the supervision of HM Treasury and the Government, the FCA regulates the conduct and operations of nearly 60,000 businesses in the financial sector across the whole of the UK. Read more about the FCA

Want to know more about us?

At One Life we’re here to help you plan your later life.  We’re experienced, professional and one of the top low-cost funeral providers in the UK.

From the moment you pick up the phone we’ll listen to you and use our expertise to support you when it comes to planning your funeral. It’s easy to set up your plan with us. It only takes one call, and we’ll guide you through the process step-by-step.

Find out more about our prepaid funeral plans or give our team a call on 0333 339 9399.

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