Commenting on today’s announcement from the Competition and Markets Authority (CMA) on a market investigation into the funerals sector, Louise Eaton-Terry, funeral cost expert at Royal London, said:
“High funeral costs have forced thousands of grieving families into debt so a market investigation into the funeral industry is long overdue and welcome. The costs of arranging a funeral are opaque and we have been calling for the industry to make their pricing clear and transparent to ensure those arranging a funeral fully understand the options available.”
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.