The Government should create an emergency fund to aid victims of failed funeral plan companies as a result of the change in regulations being brought in. This would prevent funeral poverty for the victims, who have diligently saved and set aside their money to protect their families and the state.
You may be interested in these active petitions
3 funeral plan companies have been asked to withdraw FCA registration, more companies are yet to apply for registration. Those companies who have applied are not guaranteed approval. One company has already gone into liquidation, leaving approximately 46,000 people at risk of funeral poverty. This is causing great distress to victims and their families. The move to change regulatory body, due to government legislation, is likely to impact more victims. Protect the victims from funeral poverty.