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Growth/Risk trade-off invoked by UK FCA after Safe Hands Plans criticism

By Phoebe Seers ( March 11, 2025, 16:18 GMT | Comment) -- The UK’s Financial Conduct Authority has invoked the ongoing debate around allowing more risk into the financial system in the pursuit of economic growth, as it rejected a finding by a statutory body that it failed to act on evidence that could have protected thousands of consumers who lost money after buying a pre-paid funeral from Safe Hands Plans. The FCA is also refusing to compensate victims, and in anticipation of parliamentary concern, it has written to lawmakers setting out how the case feeds into the ongoing debate around risk and return.The UK’s financial services watchdog has invoked the ongoing debate over risk and return as it rejects a finding that it failed to act on evidence that could have protected thousands of consumers who made a purchase from Safe Hands Plans, a pre-paid funeral plan company. ...

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