Dignity PLC Re: Treasury consultation & CMA review (0009Q)
01 June 2018 - 6:39PM
UK Regulatory
TIDMDTY
RNS Number : 0009Q
Dignity PLC
01 June 2018
For immediate release 1 June 2018
Dignity plc
Dignity welcomes Treasury consultation on the funeral plan
sector and CMA review into funeral and crematoria services
Dignity plc (Dignity or the Group), the UK's only listed
provider of funeral related services, notes today's announcements
from the Treasury and the Competition and Markets Authority ("CMA")
regarding potentially increased regulation of the funeral plan
sector and the launch of a market study into the funeral and
crematoria markets respectively.
As one of the UK's largest providers of funeral and crematoria
services, Dignity has led calls for greater regulation of both at
need and pre-paid funeral sectors while continuing to set the
standard for what constitutes best practice in the industry. We
look forward to working with the Treasury and the CMA in the months
ahead to bring greater regulation and transparency to the funeral
sector, whilst ensuring that customers get the best service and
choice of pricing.
Mike McCollum, Chief Executive of Dignity commented:
"We are focused on delivering excellent service to our clients
in whatever way suits their personal needs and welcome today's
announcements from the Treasury and CMA. As part of our support for
these reviews, we expect to share the work we have already collated
to support the calls for regulation we have been making for some
time."
Market Abuse Regulation
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For further information please contact:
Mike McCollum, Chief Executive
Steve Whittern, Finance Director
Dignity plc +44 (0) 207 466 5000
Richard Oldworth
Chris Lane
Catriona Flint
Buchanan +44 (0) 207 466 5000
www.buchanan.uk.com dignity@buchanan.uk.com
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END
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