top of page

Funeral Plans Under Threat

Funeral Plan provider, Safe Hands has withdrawn its application for authorisation and has now fallen into administration, leaving as many as 45,000 policyholders at risk.

Pre-paid funeral plans will come under the supervision of the Financial Conduct Authority from July this year and those who provide and advise on them will need to be authorised by the financial regulator.

Many argue that the failure of Safe Hands highlights why the sector needs to be regulated and because there is no formal compensation scheme for failed companies, it is hoped that some of the more established providers may be willing to assist with problems in the sector through this period of transition.


Recent Posts

See All

Ian Trenholm, chief executive of the care regulator the Care Quality Commission has said that the profitability of care homes remained at ‘historically low levels’ in 2022/23. Using information from i

The government has increased funding for adult social care to help tackle NHS pressures this winter by £10m. Councils will be able to bid from a pot of £40m – up from £30m – for cash to help prevent h

Some self-funders are going without some of the home care they needed because of the cost of living crisis and increased provider fees. Staffing shortages are resulting in providers deprioritising les

bottom of page