Thamer James Blog

Within the context of BS13500 principles are defined as: fundamentals, truths, propositions, and assumptions that serve as foundation blocks as sets of values and or behaviours. In creating an effective governance model, the organisation should capture the principles...

Funeral planning companies seeking authorisation will need to embrace the regulator’s SMCR programme.  The FCA replaced the old Approved Persons Regime (APER) following the difficulties with certain financial institutions. The new focus set out under the Senior...

As the funeral planning industry moves towards regulation by the FCA some thought may given to the approach the regulator takes to overall supervision of a new sector. This is important for the Boards of funeral planning organisations as they need to review and plan...

The CEO of a funeral planning company must take overall responsibility in a top-down manner for effective compliance arrangements with regulatory requirements. In addition, senior managers within the organisation must ensure the firm has the required systems and...

The FCA requires all regulated businesses to address training and competence. This in itself won’t be new to most funeral planning organisations.  There are a number of key regulatory elements which firms will need to adhere to.  Firstly, there is a...

Funeral planning companies will already be aware of the need to identify and treat vulnerable customers fairly. In July 2019 the FCA published a consultation document on the treatment of vulnerable customers within the regulated sector. Whilst a prescriptive approach...