Cost of funerals to come under scrutiny
News / Fri 1st Jun 2018 pm30 01:25pm
THE high cost of funerals is to come under scrutiny, with two separate reviews being launched.
The Competition and Markets Authority (CMA) is reviewing funeral costs, “to ensure that people are not getting a bad deal” reports the BBC.
Meanwhile, the Treasury is focusing on concerns over pre-paid funeral plans.
Consumer groups have complained that people who pay for their funerals in advance could find their relatives face extra costs after they die.
The Treasury is considering a move that would mean tougher regulation of pre-paid funerals and is opening a consultation process.
The CMA said that because of the Treasury’s separate action, it would not examine the pre-paid funerals sector.
Instead, it will look into the cost of funerals in general. It wants to ensure that people have clear information on prices and services and get a fair deal on cremation fees.
The average cost of a funeral in 2017 was nearly £3,800, the CMA said.
Many plans do not cover costs such as embalming, limousines, a funeral service, a wake, burial plots or memorial stones.
In some cases, families are left having to find an extra £2,000, even though they expect such items to be included.
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