When funeral planning, it's common to wonder are funeral plans safe? Who keeps funeral plans safe? And what happens if your situation changes after you've taken out a funeral plan?
We've answered these questions below so you can make an informed decision about whether a funeral plan is right for you.
There are a number of ways we at Distinct Cremations and other regulated funeral providers keep funeral plans safe.
Once you take out a plan you can be reassured that the funeral service you’ve paid for will go ahead as agreed. Or if this is not possible you have the right to claim your money back.
Funeral plans offer peace of mind by allowing you and your family to pre-arrange and pre-pay for your funeral services. This relieves loved ones from the financial burden and emotional strain of planning a funeral during a time of grief.
Initial decision: First you need to choose what type of funeral you like. With a funeral plan, you can ensure that your final wishes are honoured, providing a personalised send-off that reflects your preferences and values. Whether that's a traditional service, a celebration of life, or a direct cremation, you can tailor the arrangements to suit your desires. You can call our team on 01543 211997 at any time to talk through your options.
You choose a payment option: Once you have decided on what type of funeral you or your loved one would like, you can then decide between paying with a single payment, or opt for convenient monthly instalments spread over a fixed period, making it easier to manage your finances. At Distinct Cremations we offer the option to pay over 12 months, 5 years or 10 years.
Recieve the comprehensive documentation: Upon finalising your funeral plan, you will receive comprehensive documentation outlining all agreed-upon arrangements and payment terms. This documentation serves as a clear and transparent contract which includes information on what the next of kin must do when the time comes, providing you and your loved ones with peace of mind.
We secure and store your information: You can rest assured that all information and documentation regarding your funeral plan will be securely stored by Distinct Cremations. Our commitment to confidentiality ensures that your wishes are safeguarded until they are needed.
Gain peace of mind knowing your future is set: By investing in a funeral plan with Distinct Cremations, you provide yourself and your family with invaluable peace of mind. You can take comfort in knowing that your or your loved one's final wishes will be carried out with care and respect.
Funeral plans are also regulated by the Financial Conduct Authority (FCA) meaning only those who have been authorised and regulated by the independent body are allowed to sell funeral plans.
Regulations mean funeral plan providers must:
Funeral plan providers are not allowed to:
What a funeral plan includes can vary from plan to plan depending on what type of funeral you’d like e.g. a burial or cremation funeral.
It’s worth having a think and deciding what you’d like for your funeral before you pick your plan.
At Distinct Cremations, our funeral plans are designed to provide comprehensive coverage, offering peace of mind and support during a difficult time.
Here's an overview of the funeral costs covered by our plans:
While our funeral plans provide comprehensive coverage, it's important to note that certain services are not included:
✖️ Embalming: Embalming services is not available with our plans.
✖️ Viewing Services: Viewing of the deceased is not available with our plans.
✖️ Transportation Extras: Costs associated with additional transportation services such as a hearse or limousines.
✖️ Repatriation Costs: Any expenses related to repatriation from outside mainland Great Britain are not covered.
✖️ Special Requests: Additional services such as memorials, flowers, catering, or obituaries are not included in our plans.
✖️ Additional Charges: Any additional charges, such as VAT, incurred due to changes in laws, tax rules, or legislation affecting cremations, are the responsibility of the client.
At Distinct Cremations, we are committed to providing transparent and compassionate support, ensuring that our funeral plans meet your needs while respecting your budget and preferences.
Call our team at any time on 01543 211997 to talk through your options.
At Distinct Cremations, your funeral plan is safe with us.
We understand the importance of trust and accountability when it comes to handling pre-paid funeral plans. That's why we take every measure to ensure that your funds are kept safe and secure, providing you with peace of mind for the future.
How we look after your money differs depending on the payment option you choose:
| How you can pay | How your money is looked after |
|---|---|
| Upfront | An independent trust |
| Monthly instalments over 1 year | An independent trust |
| Monthly instalments over 5 years | A whole of life insurance policy |
| Monthly instalments over 10 years | A whole of life insurance policy |
No matter which way you choose to pay, we keep your funeral plan safe. Even if prices rise, your funeral will still go ahead as planned and you won’t be charged any extra.
When researching funeral plans, you may come across the names of various organisations that play their part in providing you with information or protecting your consumer rights.
There are two main regulatory bodies for funeral plans.
Financial Conduct Authority (FCA)
As of July 29th, 2022, the Financial Conduct Authority (FCA) has assumed regulatory oversight of all funeral plans. This regulatory body plays a crucial role in ensuring that companies operating in the funeral planning sector adhere to stringent standards of transparency and fairness.
Under FCA regulation, companies are required to provide clear and accurate information to consumers, refraining from any misleading practices or undue pressure to purchase funeral plans. This oversight aims to safeguard the interests of consumers, promoting trust and confidence in the industry by upholding ethical conduct and accountability among providers.
Competition and Markets Authority (CMA)
The Competition and Markets Authority (CMA) is tasked with ensuring that funeral plan providers adhere to regulations regarding price transparency and competition. Specifically, the CMA oversees that these providers display pricing information in a clear and accurate manner, enabling consumers to make informed decisions.
Additionally, the CMA prohibits any actions by companies that could impede competitive pricing in the funeral planning industry. This oversight aims to foster a competitive market environment, promoting fair pricing practices and preventing anti-competitive behaviour that could disadvantage consumers. By upholding these standards, the CMA works to protect consumer interests and maintain a level playing field among funeral plan providers.
These three resources could also be useful for you to know about.
To make sure the funeral plan provider you’re looking at is authorised and regulated, you can check they’re on the Financial Services Register. The reference number for Distinct Funeral Plans Limited is 965289.
Should the funeral plan company you’re with fail, you should either receive your money back or have your plan transferred to another plan provider. But if this doesn’t happen you can make a compensation claim with the FSCS.
If you have a complaint about your funeral plan provider and you haven’t been able to resolve it with them directly, you can escalate your complaint to the Financial Ombudsman Service.
Acceptance is guaranteed if you're over 18 with no upper age limit, and there are no medical questions to answer.
You can pay with a single payment or with smaller, fixed payments over 12 months, protecting you from inflation, and you can receive all your money back within 30 days if you wish to cancel.
The price of an Unattended Direct Cremation Plan is £1,899 or £158.25 if you're paying with fixed payments over a year.
Your money will be put into a legally separate and independent trust managed by experienced trustees.
Once the money is in the trust, we can’t claim it until after your funeral has been carried out.
Available for those aged between 50 & 74, at Distinct Cremations we also offer the option to pay for your funeral plan with low monthly payments.
The payments are fixed for the term protecting you from inflation and we also offer a full money back guarantee if you decide to cancel within the first 12 months.
Prices start from £19.79 per month for a 50 year old purchasing an Unattended Direct Cremation Plan over a 10 year period. The total cost is £2,374.80 and includes administration fees.
This money is used to purchase a whole of life insurance policy from Scottish Friendly, an authorised and regulated insurer. The policy will then reimburse Distinct Cremations for carrying out the funeral after it has taken place.
We specialise in simple and pared-down cremations which free up money to be spent elsewhere. That money can go towards supporting your loved ones or holding an alternative celebration of life event.
Choose between our Unattended Direct Cremation Plan, Small Attended Cremation Plans or Simple Funeral Plan.
For additional pricing information and a full list of our optional extras, please see our price list.
Our Unattended Direct Cremation Plan is a great choice for those looking for a simple, low-cost unattended cremation without a funeral ceremony.
With our Unattended Direct Cremation Plan, the cremation takes place with no service or mourners present at our high-quality crematoria where dignified care is guaranteed.
Our Small Attended Cremation Plans offer a private funeral where the number of people attending is limited to a small gathering of friends and family.
With our Small Attended Cremation Plans, you can have up to 8 people attending a 10 minute service or up to 20 people attending a 20 minute service.
All of our cremation plans include the collection of the deceased, a dignified cremation and ashes scattered or hand-delivered back.
Follow this checklist for added reassurance that your money and your funeral are in safe hands.
Is the company you’re looking at FCA regulated?
All funeral plan companies operating legally should be.
Do they explain on their site how their funeral plans are protected?
This information should be easily accessible and up-to-date.
Are the people you’re buying a plan from the ones carrying out your funeral?
It’s important to some people that it’s the same company for both.
Are you happy with the quality of service and level of support?
Your loved ones may need the same support when redeeming your plan.
Does the fine print make sense?
Read the T&Cs thoroughly and get in touch with the provider if you’re not sure.
Is it clear what you get and what’s not included?
If you want specific services, make sure they’re part of the plan.
Is it clear how much you’ll pay and when?
You should be informed about how much you’ll pay and your different payment options.
Is there someone you trust to redeem your plan?
You'll need a nominated representative to get in touch with the funeral provider when needed.
Is it easy to get in touch with the provider?
Do they respond quickly via your preferred contact method e.g. call or email?
Did you hear about the plan through a cold call or are you being pressured to buy it?
Reputable companies should not be doing this. Just say you need time to think and hang up.
Want more information? We're happy to answer any questions you may have about our plans over the phone, or you can request a free guide for details about what we offer. If you've decided a funeral plan is right for you, you can also view our products and take out a plan online.
Want to talk through our options? If you have questions or would like some in-person support we’re just a call away.
Call us on 01543 211997
Need some time to digest the details? You can download a PDF of our guide online or get a printed copy posted out.
Get our guide
If you’re happy that one of our plans is exactly what you’re looking for, you can get everything set up yourself online.
View our funeral plansEven if a funeral plan is right for you now, you may have concerns about what will happen if your situation changes in the future.
A burial or cremation plan may have a period before cover starts called the moratorium period.
If you were to die before your cover has started, your plan may be refunded or your family may have the option to settle the outstanding balance.
You can check the T&Cs of the plan you're considering taking out for details about when cover starts.
In this case, you have the choice of compensation for the full cost of the plan or to transfer to a like-for-like plan from a new provider.
If a plan holder passes away before an alternative plan has been set up, the FSCS still provides protection of up to £85,000 per person, per company.
You can visit the FSCS website to see their advice if your provider were to fail.
If you’re planning to move to a different area in future, choosing a nationwide funeral plan provider avoids the hassle of changing your plan.
This is also worth bearing in mind if you're setting up a funeral plan for someone else.
If you’re moving abroad, a funeral plan is not likely to be a good option as most plans only cover mainland UK.
For added peace of mind when thinking about keeping your funeral plan safe, you might like to consider protecting your money by paying with a credit card if you have one.
Credit cards protect your purchases over £100 so you can get your money back if there is a problem with what you've bought or the company you've bought from goes bust.
Only you can decide if a funeral plan is worth spending your money on.
A funeral plan could be right for you if:
Important
Once you’ve bought your plan, keep the paperwork safe and tell your immediate family, next of kin or the executor of your estate.
If they don’t know about the plan and don’t use it your money has been wasted.
Depending on your circumstances, there may be other later-life financial planning products or funeral planning products that are of interest to you.
Funeral plans and life insurance differ. Get to know the different costs and eligibility requirements to see which option could suit you.
Funeral plans or life insurance
Over-50s life cover is another option for later-life financial planning. See how it compares to a funeral plan to decide which one fits your needs.
Funeral plans or Over-50s life cover
If you're expecting a death or your loved one is currently receiving end-of-life care, we can also provide you with a caring funeral when needed.
Arrange a funeral from £1,399We offer the highest level of support, but don't just take our word for it. Below are recent reviews from customers who bought a funeral with us.
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