Who is the best funeral plan provider?

Last Updated: 8th March 2022

There is a number of funeral plan providers in the market and it can therefore be a challenge when considering all of the options in order that a person can find who is the best funeral plan provider.

When asked ‘who is the best funeral plan provider, it will undoubtedly largely come down to personal preference, probably personal recommendation and whether the funeral provider can offer a service or plan that meets a person’s financial budget.  However, there is more to consider than just these issues.

Funeral Plan Market is perfectly placed to be able to offer a great comparison of all of the funeral plan providers in the UK market so that a person can decide who is the best funeral plan provider themselves.

Before making a decision as to who is the best funeral plan provider, it is worth considering a few factors prior to selecting a preferred choice and route.  There will be questions that need to be answered so that a fair comparison can be made.

The varying funerals and plans will have a direct bearing on who is the best funeral plan provider for any individual.  If a person opts for a direct cremation when making their final arrangements, this most basic plan will save them money through many funeral plan providers.

If, however, a person chooses a more traditional funeral with burial that is likely to be the most expensive option in the market, who is the best funeral plan provider might differ from that of the best funeral provider for direct cremations so it is definitely worth carrying out some research first.

To understand who is the best funeral plan provider, it is important to recognise what a funeral plan provider is and exactly what it can offer to someone.

A funeral plan provider is a firm that offers pre-paid funeral plans and it can be local, independent or a large company with a small or large network of funeral directors under their umbrella. 

When a funeral plan is purchased and the time comes that it needs to be put in place physically, a funeral director within the company will be appointed to manage the pre-agreed final arrangements.

When considering who is the best funeral plan provider, it is also worth noting that these can be paid in full or over monthly instalments and these pre-paid plans are often worth considering seriously so that the person investing in a plan can ensure that they are fully covered for what they expect before making arrangements.

The Fairer Finance expert ratings might be something that someone wants to include in their review when thinking about who is the best funeral plan provider.  If a funeral provider is meeting and exceeding the expectations set out, they are likely to be of sound standard.

The Funeral Planning Authority (FPA) regulates funeral plans in the UK but because it has historically been voluntary for funeral providers to be registered under the FPA, it was difficult to suggest those that were unregistered could be included in the list of who is the best funeral plan provider.

To be registered with the FPA and in order to be able to consider who is the best funeral plan provider a Code of Practice which has to be evidentially demonstrated, a number of key areas including: treating customers fairly, having contracts and documents in place, having clear principles of business, displaying clear marketing and advertising, providing sufficient information, fund planning, managing complaints and disputes efficiently, adhering to data protection regulation, amongst many other key factors, allows a person to decide who is the best funeral plan provider.

Significantly, a change in the law has resulted in having all funeral plan providers having to be  regulated from the end of July 2022.

The funeral plan providers that cannot meet the exacting standards as set out by the FPA, which are linked to those standards of the Financial Conduct Authority (FCA), will not be authorised to practise in the market. They will be forced to exit the UK funeral industry.

The new law and regulations have arisen to ensure that only well-run funeral plan providers can operate in the UK market, leading to the needs and expectations of customers being met together with keeping inflated costs down because of commission and fees.  Who is the best funeral plan provider will be a more competitively placed question because of the new regulations and the change in law.

After these changes come into effect, customers can expect to be more properly protected, receive fair value and not have to experience cold calls from anyone in the future.

The new regulated funeral industry will drive out the unregulated funeral plan providers that are likely to be less focused on the customer and improve the reputation of those that are regulated, strengthening the competition and improving standards throughout the funeral plan industry.

Whilst it is clearly important to note who is the best funeral plan provider will be dependent upon what a person wants and what they can afford, there are other aspects that should be factored into the decision making process.

Funeral Plan Market names the top ten funeral plans and has a wealth of information on its website that leads people through the process of funeral plans and what might be best suited to them.

https://funeralplanmarket.com/pre-paid-funeral-plans/top-10-funeral-plans

The funeral market is varied. 

When answering who is the best funeral plan provider, whilst budget and the personal choices made as to a person wants for their final arrangements to be, it is likely to be the level of customer service and the type and level of funeral service offered that should be the main focus when taking into account the decision as to who is the best funeral plan provider.

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