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You are viewing the version of the document as on 2023-01-31.

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    2023-01-31

COMP 12A.6 Funeral plans

COMP 12A.6.1R
  1. (1)

    1The FSCS may make payments to, or on behalf of, a relevant funeral plan provider or to the administrator or liquidator of a funeral plan provider, in respect of any reasonable fees, costs, charges or other expenses incurred for the purpose of the administrator or liquidator of that funeral plan provider complying with a request of the FSCS under section 215B of the Act.

  2. (2)

    In paragraph (1), ‘reasonable fees, costs, charges or other expenses’ means those fees, costs, charges or other expenses that the FSCS is satisfied:

    1. (a)

      have been reasonably incurred;

    2. (b)

      have been exclusively incurred for the purpose of an administrator or liquidator complying with a request under section 215B of the Act; and

    3. (c)

      only to the extent that such fees, costs, charges or other expenses cannot otherwise be met.

COMP 12A.6.2G

Section 215B of the Act (Scheme manager’s power to require assistance from liquidator etc. in relation to funeral plan contracts) confers a power on the FSCS to require the administrator or liquidator of a funeral plan provider to provide any assistance to the FSCS that the FSCS considers necessary to enable it to administer the compensation scheme and secure continuity of cover in relation to funeral plan contracts.