02 June 2019

Funeral plan regulation to offer consumers greater protection

3 min read

 
Meera Khanna, Consumer PR Manager

Meera Khanna

Consumer PR Manager - Protection

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Commenting on the Government’s proposal to regulate pre-paid funeral plans, Royal London’s funeral expert Louise Eaton-Terry said:

“With the cost of funerals rising above inflation, a funeral plan allows consumers to secure their funeral in advance and protect against future price increases.  The services covered by funeral plans vary among providers which isn’t always clear.  Many consumers are unaware that their plan might not cover the full cost of the funeral, which can result in grieving loved ones being left with unexpected extra charges. The Treasury’s proposal to regulate pre-paid funeral plans is welcome news and will offer consumers greater protection.”

For further information please contact:

Meera Khanna, Consumer PR Manager

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £130 billion, 8.8 million policies in force and 4,046 employees. Figures quoted are as at June 2019.