You are here: Home - Household Bills - News -

Bereaved to receive funeral prices in advance of committing to service

0
Written by:
18/12/2020
‘Serious concerns’ about the funeral sector mean the watchdog has set out remedies to help the bereaved, including the requirement for providers to disclose prices upfront.

An investigation of the funerals market revealed “serious concerns”, according to the Competition and Markets Authority (CMA).

As a result, it’s set out a number of remedies for the sector to help bereaved families at a naturally distressing time when choosing a funeral director or crematorium.

These include:

• All funeral directors and crematorium operators to disclose prices to help customers make more informed decisions
• Information must be provided in advance of a customer committing to purchase a service so that they know the price they will be charged and the key terms of business – for example if a deposit is required;
• Customers should be made aware of any relevant business, financial and commercial interests of the funeral director, and certain practices, such as payments which may incentivise hospitals, care homes or hospices to refer customers to a particular funeral director – will be prohibited;
• Recommendation to government to establish an independent inspection and registration regime to monitor the quality of funeral director services.

They come after the CMA launched an investigation into the funerals sector in March 2019 and published its provisional findings in August.

At the time, it noted that the exceptional circumstances surround the coronavirus pandemic meant that some of the remedies it might otherwise have pursued, such as price caps, couldn’t be developed.

But it is considering whether a full market investigation is needed “when conditions are more stable”.

In the meantime, it will monitor the sector to ensure the bereaved are being fairly treated.

Martin Coleman, CMA panel inquiry chair, said: “Organising a funeral is often very distressing and people can be especially vulnerable during this time.

“That’s why our remedies are designed to help people make choices that are right for them and ensure they can be confident that their loved one is in good hands.

“The CMA will be keeping a close eye on this sector to make sure our remedies are properly implemented and help it to decide whether further action is necessary when circumstances return to a more steady state.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

  • @YourMoneyUK Is this actually (very sadly) a bad news story @emmalunn? If the number of people qualifying for HTS i… https://t.co/bbWviJHfXx
  • RT @BoonBrokers: “Obviously, these practices are totally unacceptable and we would hope that most estate agents would be as horrified as us…
  • “Obviously, these practices are totally unacceptable and we would hope that most estate agents would be as horrifie… https://t.co/s8olBmyH9G

Read previous post:
Internet reliance sees Brits cut back on food and clothes to afford bills

The ever-growing reliance on phones and broadband, heightened by the pandemic, has led many to cut back on other essentials...

Close