Protect victims of failed funeral plan companies during the FCA review process.

Rejected 21 signatures

What the petition asks

There is a change of regulator taking place, from the FPA to the FCA. Review the actions of the FCA. Why did the FCA ask the provider to withdraw its application? Was fraud uncovered? Did the FCA consult the Treasury before taking action? Was there failures in the current FPA reviews and processes?

46,000 plan holders risk losing their hard earned money. Customers on lower or fixed incomes buy plans to protect their loved ones. The new regulations must not restrict choice to expensive and large companies only, price choice is vital, together with real protections. The government must manage the change from the FPA to the FCA more openly, with care for existing customers. The FCA must work with the industry to prevent a repeat of this and put compensation in place for those affected?

Why it was rejected

It was not clear what the petition asked the UK Government or Parliament to do.

Petitions need to call on the Government or Parliament to take a specific action.

It's not clear if you want the Government to hold a public inquiry into the FPA's regulation of funeral plan providers, undertake further work before the FCA takes over regulation of this sector, or do something else.

You could start a new petition explaining clearly what you would like the Government or Parliament to do.

Timeline

6 Apr 2022	Petition opened for signatures
11 Apr 2022	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 11 Apr 2022

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