Fosters Has Applied to Become FCA Regulated
We have now had the FCA confirm they are ‘Intending To Authorise’ Fosters. You Can Read Our Updated Press Release Here.
On 29th July 2022, the funeral plan industry becomes regulated by the Financial Conduct Authority. The Independent Family Funeral Directors Ltd, which trades as Fosters Family Funeral Directors, is fully engaged in this process and has submitted its application to become an authorised provider of funeral plans.
This includes plans purchased under our Fosters Family Funeral Director and Woodside Family Funeral Directors brands.
(It also covers plans purchased up to 2020 under the following brands: Ready4Retirement, Memoria, Lowest Cost Funerals, Family Funeral Directors and Plan and Prosper where we manage the plan).
For more information on the incoming regulation visit the FCA website.
Is my money safe with a Fosters Funeral Plan?
All of Fosters Funeral Plans are underpinned by a Whole of Life Insurance Policy that is purchased through our institutional partner, Scottish Friendly Assurance Society who are authorised and regulated by the Prudential Regulation Authority (PRA), regulated by the Financial Conduct Authority (FCA) and are members of the Financial Services Compensation Scheme.
Your money is secure in a Whole of Life Policy with Scottish Friendly Assurance and is separate from The Independent Family Funeral Directors Ltd.