The Funeral Industry and Funeral Plans
As followers of this blog will know I’ve always had my doubts about funeral plans. It seems that the concern is shared by the Treasury who have recently announced plans to investigate. There has been some suggestion that one or two providers are using incoming premiums to pay off current claims in a kind of Ponzi like arrangement.
Also under scrutiny is the whole funeral industry itself with the Competition and Markets Authority carrying out an investigation. One of the quoted funeral directors, Dignity, has seen its share price drop substantially over the last year. Is it too much to hope that the bereaved may see some downward pressure on the costs of funerals?
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