Worried about “Are Funeral Plans Safe?” Get the answer here! Variety Funerals™ offers FCA-regulated, FSCS-protected plans. Secure your wishes, protect your funds. Learn more & get a free quote today.

Planning your funeral in advance can bring immense peace of mind, but ensuring are funeral plans safe is a crucial question. This article explains why pre-paid funeral plans with Variety Funerals™ (available throughout mainland England and Wales) are a safe and secure option.

Financial Conduct Authority (FCA) Regulation: Your Guarantee of Protection

Since July 2022, pre-paid funeral plans in the UK are regulated by the Financial Conduct Authority (FCA). This government agency oversees financial services and ensures consumer protection. By choosing Variety Funerals™, you benefit from the security of are funeral plans safe regulations:

  • Strict FCA Regulations: We comply with rigorous FCA regulations that promote transparency, fair treatment, and responsible financial management.
  • Financial Services Compensation Scheme (FSCS) Protection: The FSCS protects your plan funds in the unlikely event Variety Funerals™ were to cease trading.

Added Security Measures for Your Peace of Mind

Beyond FCA regulation, Variety Funerals™ takes additional steps to ensure are funeral plans safe for you:

  • Whole of Life Policy: Your plan funds are securely held in a whole of life insurance policy issued by Royal London Mutual Insurance Society, a reputable insurer. This policy is separate from Variety Funerals™ finances, offering an extra layer of protection.

So, are funeral plans safe? Our measures go beyond just FCA regulation:

  • Transparent Contracts: Our contracts are clear and easy to understand, outlining exactly what is covered in your chosen plan.
  • Guaranteed Funeral Services: Your plan guarantees the funeral services you select, regardless of future price increases.

Benefits of Choosing Variety Funerals™ for Your Pre-Paid Funeral Plan:

Choosing Variety Funerals™ answers the question are funeral plans safe, and offers additional benefits:

  • FCA Regulation: Provides peace of mind with government-backed oversight.
  • FSCS Protection: Financial protection for your plan funds.
  • Whole of Life Policy: Securely held funds in a separate insurance policy.
  • Transparent Contracts: Clear understanding of your plan’s inclusions.
  • Guaranteed Services: Protection against inflation for covered services.
  • Variety of Plans: Choose the plan that best suits your needs and budget.
  • Peace of Mind Guarantee: Our priority is ensuring a stress-free process for you and your loved ones.

About FSCS Protection:

Are funeral plans safe even if the provider ceases trading? The FSCS would work to find you a new funeral plan provider with similar terms to your original plan. Here’s how it would work:

  • Replacement Plan: FSCS would prioritise finding a new provider for a “like-for-like” replacement.
  • Compensation Option: If a replacement isn’t possible, the FSCS would offer compensation.

Safeguarding Your Future with Confidence

Are funeral plans safe with Variety Funerals™? Yes! When you purchase a plan, the money is held securely in a whole of life insurance policy until it’s needed. This means Variety Funerals™ cannot access your funds until that time.

By choosing Variety Funerals™, you can be confident that your pre-paid funeral plan is safe and secure. We are committed to providing peace of mind for you and your family during a difficult time.

Contact Variety Funerals™ Today

If you have questions about are funeral plans safe or our pre-paid funeral plans, please contact Variety Funerals™ today when you Click Here.