Funeral services provider Dignity stated on Wednesday, June 23, that it has canceled contracts with five of its partners following an assessment that showed they were not economical and failed to uphold the British company’s standards.
The company, which also laid out a new strategy days after fresh guidelines from the UK competition regulator on pricing, stated the cancelations will lower revenue at its funeral plan division by 35% for the current year.
The company pledged to ensure its organizational structure is more “open and dynamic” and also stated it would increase investment in standards of care, facilities and its estate, as well as competitive pricing.
It follows a lengthy probe into the funeral sector by the Competition and Markets Authority (CMA), which last December concluded that funerals were costing consumers too much and made a series of recommendations.
The watchdog ruled last week that funeral directors and crematorium operators must make prices clear for customers from mid September, or risk court action.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Massachusetts AG Sues Insulin Makers and PBMs Over Alleged Price-Fixing Scheme
Jan 14, 2025 by
CPI
Apple and Amazon Avoid Mass Lawsuit in UK Over Alleged Collusion
Jan 14, 2025 by
CPI
Top Agent Network Drops Antitrust Suit Against National Association of Realtors
Jan 14, 2025 by
CPI
Weil, Gotshal & Manges Strengthens Antitrust Practice with New Partner
Jan 14, 2025 by
CPI
Russian Court Imposes Hefty Fine on Google for Non-Compliance with Content Removal Orders
Jan 14, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand