Prosperous Life in administration

My husband bought one of these funeral plans for me in 2021. The company is now in administration following the ruling that all pre paid funeral companies must be FCA authorised. They have come to an agreement with Dignity Funerals to take over the plan if you opt in. They are saying if you don't opt in you are likely to only receive a refund of a substantially lower amount than you paid. 
I never actually wanted this plan so was hoping to get money back. Is there any way to get the full money refunded? 

Comments

  • dunstonh
    dunstonh Posts: 119,270 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I never actually wanted this plan so was hoping to get money back. Is there any way to get the full money refunded? 
    No.  You will get a refund of the substantially lower amount.



    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 619.9K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.