22/01/2026
This is one of the reasons why we do not offer pre-paid funeral plans. During the last 5 years, at least 10 pre-paid funeral plan providers went into liquidation, meaning thousands of people lost their money. Although pre-paid funeral plan providers are now FCA Regulated and FSCS Protected, if any of them were to go into liquidation, it could take months if not longer to get your money back or transferred to a new plan provider, which could come at a dearer cost to the client.
We always advise people to open another bank account or alternative and then add money to that each month, or as and when you can. Every single penny that is in that account will be yours, and anything leftover can go to your loved ones.
We have attached a link below about the pros, cons, and alternatives to pre-paid funeral plans from MoneySavingExpert.com - https://www.moneysavingexpert.com/family/prepaid-funeral-plans/.
Let us know your thoughts below ⬇️
Creditors have claimed more than £70million from the failed company