- Funerals company Dignity fell after the UK government regulated the pre-paid funeral plan sector.

Dignity welcomed the move from the HM Treasury to introduce statutory regulation of pre-arranged funerals through the Financial Conduct Authority to protect consumers. The company claimed it had led calls for regulation after its research, published together with Fairer Finance, highlighted the poor sales practices and financial management risks that certain providers engage in.

'We are pleased that HM Treasury has taken this decision and, during the transition period, will continue to deliver the high standards of selling and administration of pre-arranged funeral plans that we already provide,' Mike McCollum, Chief Executive of Dignity.

At 9:11am: [LON:DTY] Dignity PLC share price was -30.25p at 659.25p

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