Funeral plans: is my money safe?
The Financial Conduct Authority (FCA) have no control over different funeral plans and their providers. However, as per every funeral contract, all customers are eligible to take up the funeral services, for which they have registered, only as an when needed.
Funeral Planning Authority
As per international rules, all the funeral plans which are available in various country are regulated by international Funeral Planning Authority (FPA) for governing all prepaid funeral plans and their directors.
Questions you should ask a potential provider include:
What happens if the provider you choose goes out of business?
What happens if the death occurs in overseas?
What happens if there are still installments to be paid while death has already occurred?
To Find out all answers, Read Important things to know before taking funeral plans.