Funeral Plan Market™ was featured in an article on the Yahoo Finance website about the report we produced ‘An Easy Guide to Cremation Prices’
To view the article in full please Click Here
Funeral Plan Market™ was featured in an article on the Funeral Service times website about the report we produced ‘An Easy Guide to Cremation Prices’
To view the article please Click Here.
An Easy Guide to Cremation Prices
A new report by Funeral Plan Market™ investigates the variation in cremation prices across the UK – the findings being that the variation in price is more than double meaning that a cremation can cost over £500 more depending on where you live.
The average price charged by a crematorium in the UK is £780 (this typically covers the service in the chapel and cremation itself). Surprising London is cheaper @ £721, the most expensive area is Oxfordshire at £962.
Council operated crematoria are on average the cheapest although prices vary – the most expensive council run crematorium being in Barrow-in-Furness, Cumbria, the cremation cost there is £959.
The average price of crematoria operated by private and public companies is higher however they offer longer time slots on average than council operated and as a result when calculating at cost per minute council operated crematoria prove to be the most expensive.
A funeral plan enables customer to pay for their funeral in advance and guarantees payment for the funeral directors fees and services. Payment of cremation fees and a minister or celebrant to run the service are not always guaranteed, whilst some funeral plan providers do guarantee the majority provide an allowance to cover. Investigations by Funeral Plan Market™ have found that this allowance may not always cover the costs required and therefore recommend that customers choosing a funeral plan that includes an allowance to cover third party fees [as opposed to a guaranteed plan] check that the allowance provided is sufficient to cover the cremation costs in their area and have published a regional guide to enable customers to do this. To view the guide please Click Here.
To compare over 80 plans including 4 guaranteed plans that available exclusively on this site please Click Here.
The report: ‘An Easy Guide to Cremation Prices’ compares the cost of cremation in all UK regions and details the contributing factors to price variations. To view the report in full please Click Here.
Prompting Customer Action
The most recent report by the Funeral Planning Authority (FPA) shows that the average age for a British person to first consider planning their own funeral is 51. The FPA is the regulatory body for the prepaid funeral planning industry.
To read the article please Click Here.
Funeral Plan Market™ are delighted to announce 4 new guaranteed funeral plans that are exclusive to Funeral Plan Market™ and not available anywhere else! These plans are suitable for customers who require a cremation in England and Wales. Provided by Memoria Low Cost Funeral Plans when customers pay for their funeral plan their money is held in a whole of life insurance policy which is regulated by the Financial Conduct Authority; customers can fix the cost of their funeral plan at today’s prices and benefit from the 5 star service Memoria deliver in addition to providing customers considerable savings on their funeral costs.
The new eTraditional Plus plan from Memoria provides the cheapest funeral plan available, for cremation, that includes provision of 1 limousine. This plan is only £3,495 plus we provide £50 cashback, a free will service and £50 wine voucher when you set up the plan using our service. The new entry level eFlexible plan is just £2,895 and is the only basic funeral plan that allows the family of the deceased to choose a time for the funeral service to suit them in addition to payment of third party fees being guaranteed.
A guaranteed funeral plan means the third-party fees included are guaranteed to be paid. Simply put the cost of a funeral is split between the funeral director’s costs for their services and third-party fees. Third party fees are the charges for the cremation, minister/celebrant fees to conduct the service and medical certification fees required for a cremation when a coroner’s report is not available. The majority of funeral plans provide an allowance to cover these costs; if this allowance does not cover the amount required the family may be asked to pay the difference – having a guaranteed plan can be reassuring for customers to know that their families will not be faced with such additional costs, especially as cremation costs can vary significantly across the UK.
To find our how much you can save when you compare plans please Click Here.
Effective 5th February 2018 Golden Leaves Funeral Plans have increased in price by £99 each. The price rise is to account for a small increase in funeral director professional fees and a £49 increase in the Golden Leaves administration fee. Their administration fee has been kept static for the last six years but unfortunately increases in fixed costs have now made the implementation of an increase to this fee unavoidable.
Golden Leaves remains one of the most competitively priced funeral plan providers in the UK today. Their entry level plan, the Zinc plan, provides a comprehensive funeral plan package that includes a £940 disbursement allowance and at the new price of £2,859 remains the lowest price funeral plan of its kind in the UK. This Zinc plan is a Funeral Plan Market recommended ‘Best Buy’. For further information on how we determine ‘Best Buy’ please Click Here.
To compare Golden Leaves Funeral Plans please Click Here.
Effective 1st February 2018 Safe Hands Funeral Plans have enhanced their funeral plan features to include allocation of a local funeral director to be done at the time a funeral plan is set up (as apposed to at the time of need). This means that plan holders will know who their Funeral Director will be, local to where they live; plans holders can contact Safe Hands Funeral Plans or the Funeral Director with any specific requirements or questions they may have.
In addition the 20 mile radius for collection of the deceased to take to the funeral home is increased to 25 miles; this means that providing the distance to collect the deceased to take to the funeral home is within 25 miles no mileage charge will apply. All Safe Hands Funeral Plans now include 4 bearers; use of the chapel of rest is no longer restricted to office hours only and will now at a time and date to be mutually agreed between the Funeral Director and family.
The cancellation period for a customer to cancel their plan for no charge and to receive a full refund of money paid has increased to 30 day (from 21 days). Should a plan holder cancel their funeral plan after the 30 day cancellation period a £249 cancellation fee will apply (this a reduction in the cancellation fee that was previously £495) – any refund due will be made less the cancellation fee should a plan holder cancel outside of the 30 day period.
Safe Hands Funeral Plans remain the same price and there has been no increase to plan prices however should a customer wish to add an additional limousine to a plan the charge is now £275 (Previously £240). The ‘Your Simplest’ plans have been removed from sale and are no longer available to new customers. Safe Hands Funeral Plans continue to have the largest third party fee allowance of £1,200 to cover cremation/interment; minister/celebrant and medical fees required for cremation.
The £1,200 allowance increases in value, as part of the plan, in line with inflation each year. Safe Hands are one of the few providers that includes medical fees required for cremation in their third party fee allowance. These medical fees are only payable in England and Wales when a coroner’s report is not available [these medical fees are not payable in Scotland].
To compare Safe Hands Funeral Plans please Click Here.
Perfect Choice Funeral Plans [provided by Ecclesiastical Services Limited] have increased prices on 3 cremation plans by £50. This reflects an increase of their 3rd party allowance fee of the same amount from £1,150 to £1,200. This allowance of £1,200 is to cover payment towards the fees for cremation, medical fees for Cremation Certificates and payment to a minister or officiant.
All prices have been updated on the results comparison tables. To compare funeral plans please Click Here.
Dignity have increased the prices of their set prepaid funeral plans. This comes as no surprise because Dignity have advertised this fact on their website, for some time.
The Limited and Pearl plans have increase in price by £100; the Pearl plan has gone up by £126 and the Diamond plan has had the largest price increase of £136.
In addition to the price changes Dignity have extended the instalment period from 15 years to 25 years, for those wishing to pay for their funeral plan monthly. This means that customers can pay for their Dignity funeral plan over a longer period to reduce the monthly payment amount – please note that instalment charges apply and the longer it takes you to pay for your funeral plan the more you will pay in instalment charges.
Dignity have also increased their cooling off period to 30 days (from 28 days) and increased their third party allowance for burial plans by £20 to £1,220.
For further information on Dignity funeral plans and to compare prices please Click Here.
Funeral Plan Market was featured in the Personal Finance section of The Mail on Sunday and in the Money section of the Mail Online. The articles featured an interview with one of our fabulous customers, Heather who set up her funeral plan, using Funeral Plan Market earlier this year. The article recommends Funeral Plan Market as the go to destination to compare funeral plans online.
For further information and to view the article in full please Click Here.
Pride Planning announced that customers are now able to pay for their funeral plan using the digital currency Bitcoin.
The Welsh Government has signed a Memorandum of Understanding (MoU) with local government to stop charging for the burial of children, ensuring there is a clear, fair and consistent approach across Wales.
To support local authorities in making this step, the Welsh Government is making up to £1.5m available between now and 2020. This funding will also be available to all other providers of cemeteries and crematoria in Wales who agree not to charge on the same basis.
The MOU comes into force with immediate effect and the First Minister is urging councils to ratify the agreement as soon as possible.
For further information please Click Here
All funeral plans from Co-op Funeral Care now include the Co-op Commitment if you choose to pay in instalments over 2 – 25 years. If you die after the first 12 months of your plan, but before all your instalments have been paid, Co-op will still deliver all the services provided in your plan, with no more for your family to pay. Instalments must be paid up to date and your funeral must be arranged and carried out by a Co-op Funeral Director. For further information please refer to the Co-op funeral care terms and conditions.
The impact of this change is that the monthly instalment prices when paying for a Co-op Funeral Care plan over 2-25 years are now higher than before the Co-op Commitment feature was included. FuneralPlanMarket.com recommend that customers compare monthly costs and total amount payable in addition the actual plan price. To compare funeral plans please Click Here.
The You and Yours show on BBC Radio 4 have reported that some websites that claim to offer comparisons of funeral plans may just be generating leads that are sold on to agents or funeral companies. The Funeral Planning Authority says funeral plan providers should not be working with websites that mislead customers. Funeral Plan Market is proud to be a website that provides a comparison of national UK providers online to enable customers to compare funeral plan features and prices. To compare plans Click Here.
Funeral Plan Market was featured in the Business section of the Yorkshire Post. The article featured an interview with our founder Sally Hill. To view the article in full please Click Here.
Funeral Plan Market was featured in the Femail section of Mail Online. The article featured an interview with our founder Sally Hill. To view the article in full please Click Here.
Sun Newspaper – 21st October 2017
Funeral Plan Market was featured in the money section of The Sun which highlighted that Funeral Plan Market is the UK’s comparison website for funeral plans. To compare funeral plans please Click Here.
How to Reduce Funeral Costs
Funeral Plan Market is featured in the Good Housekeeping article about funeral prices.
To view the article in full please Click Here.
Published [on 26th September 217] by the Competition & Markets Authority (CMA) this report this is the final report on the CMA’s market study on comparison sites and apps (digital comparison tools / DCTs). A DCT means digital intermediary services used by consumers to compare and potentially to switch or purchase products or services from a range of businesses.
The CMA work to promote competition for the benefit of consumers, both within and outside the UK. Their aim is to make markets work well for consumers, businesses and the economy.
The CMA consumer survey found that 85% of UK customers with access to the internet had used a DCT at least once before and the use of DCTs is on the increase. Over 71% of internet users had used a DCT in the last year.
The report states that “If consumers do not shop around, they are unlikely to obtain the best or most appropriate deals available in the market” and that “DCTs can make it easier to shop around” and using “comparison sites can save you time and money”.
The CMA have identified 4 high-level principles (CARE) of how DCTs should behave. DCTs should treat people fairly by being:
Clear – DCTs are to explain their services and how they make money
Accurate – DCTs are to provide information that is complete, correct, relevant, up-to-date and not misleading
Responsible – DCTS are to protect people’s details and be easy to deal with
Easy to use – DCTS are to make information easy to find and understand
Funeral Plan Market takes the recommendations of the CMA very seriously and acts upon these in consideration of our Customer Charter to provide customers the optimum experience when using our service. Funeral Plan Market is a DCT for the funeral plan sector.
Funeral Plan Market abides by the CARE principles. To view the report, by the CMA, in full please Click Here.
Published by SunLife their annual Cost of Dying report reveals that the cost of a basic funeral has risen for the 14th year in a row and now stands at £4,078, an increase of 4.7% in just one year and a huge rise of 112% since SunLife started tracking funeral pricing in 2004 (which is much higher than the average increase in wages).
The key findings of the report include:
To read the report in full please Click Here
There has been some publicity about how customers are protected when they purchase a funeral plan, to view the article that provides further information about consumer protection please Click Here.
Published by Royal London this report provides information on funeral costs, funeral spending and funeral debt in the UK and the changes observed in the past year.
The key findings of the report include:
To read the report in full please Click Here
This YouGov Reports publication is the fifth in the series examining funeral planning. It examines attitudes, approaches and experiences concerning funerals and funeral plans, using consumer research amongst people who have recently organised a funeral.
The key findings of this report include:
Is the prepaid funeral market working well for customers?
Commissioned by Dignity [a funeral plan provider] this report highlights the variation in standards across the funeral plan sector. The report includes market analysis and policy recommendations to improve customer outcomes.
Some key findings of the report include:
Funeral Plan Market’s mission is to: enable customers to compare and arrange funeral plans online for the best price, on this website all national funeral plan providers are compared without any bias and no need for telephone calls – although a telephone phone service is provided for customers that would like it.
The report also highlights the risk of all disbursement costs not being covered by a funeral plan, these costs are also referred to as ‘3rd Party Fees’. Funeral Plan market explain 3rd party fees so that the information provided to customers is clear; for further information on 3rd Party fees please Click Here.
The report focused on consumer protection and how customer money was kept safe, for further information on Consumer Protection please Click Here, to read about funeral plan providers’ Trust Funds please Click Here.
The report provides 2 clear Conclusions:
The report acknowledged the lack of regulation of third party sales firms and Fairer Finance recommends that the prepaid funeral plan sector should be under FCA [Financial Conduct Authority] regulation – our customers have peace of mind that Funeral Plan Market is authorised and regulated by the FCA as an appointed representative and is listed on The Financial Services Register under the Reference number: 790267 (which can be found on the Financial Conduct Authority website).
Research indicated that customers were not being provided with sufficiently clear and accurate information.
In addition to complying with the requirements of FCA regulation, Funeral Plan Market abides by the CARE principles (as recommended by the CMA – for further information please Click Here). Funeral Plan Market provides clear and accurate information about each funeral plan, including what is and is not included to enable our customers to make an informed decision.
To view the report in full please Click Here.