{"id":914,"date":"2018-10-19T16:30:53","date_gmt":"2018-10-19T15:30:53","guid":{"rendered":"https:\/\/www.competitionlawyers.co.uk\/blog\/?p=914"},"modified":"2018-10-19T16:03:27","modified_gmt":"2018-10-19T15:03:27","slug":"the-funerals-market-study","status":"publish","type":"post","link":"https:\/\/www.competitionlawyers.co.uk\/blog\/the-funerals-market-study","title":{"rendered":"The funerals market study"},"content":{"rendered":"

The funerals market study is a currently being conducted by the CMA (Competition and Markets Authority) in the UK.<\/p>\n

The scope of the funerals market study is to find out more information about the market to ensure it\u2019s working fairly and efficiently. The key areas being assessed by the CMA include customer behaviours, customer experiences and decision-making processes that have led to customer decisions.<\/p>\n

The review was initiated in summer this year and remains ongoing.<\/p>\n

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Scope of the funerals market study<\/strong><\/h3>\n

The scope of the CMA\u2019s funerals market study, according to their publications, is based on the following key areas:<\/p>\n

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  1. How competition between funeral directors works;<\/li>\n
  2. Transparency issues in the provision of funerals;<\/li>\n
  3. How competition works in the crematoria segment of the industry.<\/li>\n<\/ol>\n

    As with any market study undertaken by the CMA, the ultimate aim is to ensure that the rules and regulations they enforce are being adhered to. Laws like the Competition Act 1998 are incredibly importan<\/strong><\/a>t. This legislation allows for fair and consumer-focused markets instead of big businesses abusing their financial power.<\/p>\n

    Competition should be healthy, and this is for the benefit of the industry and the consumer. If the CMA were to find any issues during the course of their funerals market study, they have the power to take action. This involved heavy fines for organisations who breach important competition law.<\/p>\n

    Comments from interested parties in the funerals market study<\/strong><\/h3>\n

    Comments from interested parties in the funerals market study have been received. Parties responding include the following:<\/p>\n