Funeral plans

Janette1943

Concerned about Companies rumoured to be cancelling funeral plans due to their financial problems. Also no refunds, worried sick.

MalMonroe

You may have to supply a bit more information.

In the meantime, there's some info which might help to put your mind at ease in the following link -

https://www.moneysavingexpert.com/family/prepaid-funeral-plans/#accordion-content-832972009-0

(click on the link in there that says 'How will the industry change from 29 July 2022?')

Also, your post may have been better posted in 'Marriage, Relationships and Family' under 'Death, Funerals and Probate'.

relishy57

There has just been a discussion on this on BBC Breakfast. First thing to check is would be current status of your plan company and have they transferred into the new scheme.

Jonty6262

From 29 July 2022, any funeral plan provider that isn’t authorised by us will be committing a criminal offence 

If you need to get in touch with your provider, here are some questions you might want to ask:

• What are my options? Can you send these to me in writing?
• Are you applying for FCA authorisation? What does this mean for me?
• When can I expect to hear more from you? 
• Will you still be able to deliver on my funeral plan?

List of companies who have applied/not applied/withdrawn/Application refused etc etc

https://www.fca.org.uk/consumers/funeral-plans/providers-list

SeniorSam

There has recently been another question about a company called Safe Hands, who initially applied for registration but then withdrew their application.

A firm not registered will not be able to practice and it is causing a great deal of confusion for people who have taken out funeral plans and paid a good deal of money as there does not seem to be any protection for money paid.

Look up 'prepaid funeral plans with safe hands' on this site

Jonty6262

Firms update that have withdrawn FCA applications

ETERNAL PEACE FUNERAL PLANS LTD



SAFE HANDS PLANS LIMITED*

AURA LIFE LIMITED

Not intending to apply - completed transfer

THE MIDCOUNTIES CO-OPERATIVE LIMITED

Not intending to apply - planning to transfer

AUSTIN'S FUNERAL DIRECTORS

BRISTOL FUNERAL DIRECTORS LIMITED

CHELMSFORD STAR CO-OPERATIVE SOCIETY LIMITED

EAST OF ENGLAND CO-OPERATIVE SOCIETY LIMITED

FPS 1995 LIMITED ((previously Funeral Planning Services Limited)

GO AS YOU PLEASE FUNERALS 2009 LIMITED

HEART OF ENGLAND CO-OPERATIVE SOCIETY LIMITED

KINGFISHER INDEPENDENT FUNERAL SERVICES

LINCOLNSHIRE CO-OPERATIVE LIMITED

SCOTTISH MIDLAND CO-OPERATIVE SOCIETY LIMITED

TAMWORTH CO-OPERATIVE SOCIETY LIMITED

TAPPERS FUNERAL SERVICE

THE MIDCOUNTIES CO-OPERATIVE LIMITED

Granniesue69

I’m getting worried about our funeral plan. We paid over £3000 last summer to our local east Kent Co op for two simple cremations. We hope our plan is safe, but the Co op plan is in association with Memoria. We assumed it was a Co op plan. They are both FCA regulated apparently, but we are quite worried now.

Granniesue69

Just checked my plan it’s not FCA it’s the Funeral planning Authority. So possibly not safe!

Jonty6262

Firms which have not applied for authorisation

The following firms have not submitted an application for authorisation. They might not be authorised by 29 July 2022 and will need to stop selling and carrying out funeral plans in the UK by that date.  

If you currently have a plan with one of these firms, get in touch with them now to find out what's happening with your plan. 

If you are considering buying a new funeral plan, we advise you not to buy one from these firms until they have confirmed their plans for seeking authorisation.

• Fox Milton and Co LTD  
• Iberian Funeral Plans
• Not For Profit Funeral Plans
• PS Cremations Funeral Planning Limited
• Sovereign Lifecare
• The Independent Funeral Partnership 

TraceyNana

I have just this morning received an administrators letter dated 23/03 re my Safe Hands funeral plan . I am fully paid up but the company is now insolvent and in the hands of the administrators . I am not in the least bit confident that any dividends will be forthcoming and even if there is , there will be little return to invest in a new plan . My whole point of taking the plan out is to ensure that it be was one less thing for my children to worry about when the time comes 

Amyada

I have just received the same letter TraceyNana, I paid my plan in full on 11th Feb and Safe Hands Funeral Plan withdrew their FSA application on 15th, then went into administration on 23 March, They must have know when taking my money they were in financial difficulty but still took over£3k from me.. I have very little hope we will get money back