Mark Moran: Six questions for funeral plan due diligence

Traditionally, when it comes to funeral plans, networks have tended to be responsible for due diligence of the products for advisers. Regulation of funeral plans is likely to increase in the near future, however, and as a result there is going to be an increased role in the due diligence process for advisers, in order to protect the money of their clients. Indeed, there is a clear need in the industry to ensure consumers understand what they are buying and for advisers to know exactly what they are selling. Before an adviser recommends any funeral plan to their clients, there are s...