Louise Eaton-Terry, funeral cost expert at Royal London comments on the announcement that the government will introduce legislation to regulate pre-paid funeral plans.
- A basic funeral costs £3,785 on average;
- Funeral debt in the UK is at £147 million;
- Individual debt is at an all-time high with people taking on an average debt of £1,990 to pay for a funeral, which is a 14% increase from the previous year (£1,744 in 2018)
For further information please contact:
Meera Khanna, Corporate PR Manager - Protection
- Email: Meera.Khanna@royallondon.com
- Tel: 02032 725129
- Mob: 079191 70502
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.