SM&CR for
funeral plan providers
Download our handy guide to find out everything you'll need to know to get ready for July 2022
Are you prepared?
As part of a drive towards improving governance standards and oversight, the FCA intends to apply the Senior Managers and Certification Regime (SM&CR) to the pre-paid funeral plan industry.
The new rules will apply from 29 July 2022. All funeral plan providers that wish to conduct regulated funeral plan activities after this date must apply for FCA authorisation.
Firms that are not authorised (or exempt) will not be permitted to carry out regulated activities for funeral plans. More specifically, beyond this date, it will be a criminal offence to enter into new funeral plan contracts or for plan providers to carry out existing funeral plan contracts without authorisation.
Time is ticking away
These are the key dates that you'll need to know, but there are hundreds of data points that you need to capture for your people, and multiple steps needed in order to demonstrate compliance to the FCA's satisfaction. Our handy guide sets out what you'll need to do to get ready for July 2022.
Key dates
This is just the beginning...
The guide sets out what you need to do to be ready for the July 2022 deadline, but the SM&CR requires ongoing management and evidencing of compliance – both for your firm and your employees at an individual level. There’s a lot to do, but we can help. Download the guide to find out more.
