FPCOB 6.5 Payments to funeral plan intermediaries

This section applies to a funeral plan provider.

A firm must not offer or pay (and must ensure that none of its associates offers or pays) any commissions, remuneration or benefit of any kind to:

1. (1)

   another firm in connection with that firm’s business of engaging in funeral plan distribution;

2. (2)

   another person in connection with:

   1. (a)

      that person’s business of engaging in funeral plan distribution:

      1. (i)

         for which it does not require authorisation; or

      2. (ii)

         which it carries on in breach of the general prohibition;

   2. (b)

      business of that person which would involve engaging in funeral plan distribution but for an exclusion in the Regulated Activities Order;

   3. (c)

      that person’s business of introducing customers to another person in relation to funeral plan contracts;

3. (3)

   a person in (1) or (2) in relation to any related services; or

4. (4)

   any third party for the benefit of a person, and in the circumstances described, in (1) to (3),

except as provided in this section.

FPCOB 6.5.2R does not apply to training or support which meet the requirements of FPCOB 6.4.14R and FPCOB 6.4.15R.

FPCOB 6.5.2R does not prevent a funeral plan provider from making payments to a person merely to communicate a financial promotion.