The Competitions and Markets Authority are proposing a major funerals probe after identifying serious concerns in the funeral sector. It’s a long read – 133 pages – find the full interim report here We publish this morning’s press release in full below: ‘Today’s interim report presents the issues the Competition and Markets Authority (CMA) has identified since launching a Market Study into the funerals sector 6 months ago. Its initial work indicates problems with the market that have led to above inflation price rises for well over a decade – both for funeral director services and crematoria services. The scale of these price rises does not currently appear to be justified by cost increases or quality improvements. Given the nature and significance of the issues the CMA has identified, it believes the full powers of a Market Investigation – carried out by an independent group of CMA panel members – are required. Issues include that:
Andrea Coscelli, chief executive of the CMA, said:
The CMA will now be consulting on the potential market investigation reference and welcomes any views on the issues identified in its report by 4 January 2019. It would also like to hear from people involved in the industry and others, who may have observed instances of poor quality standards in the back-of-house facilities of funeral directors. Details on how to respond are available on the funerals market study page of the CMA website’
‘Serious concerns in the funeral sector’ identified by CMA published first on YouTube via Tumblr ‘Serious concerns in the funeral sector’ identified by CMA
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April 2019
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