Before recommending any funeral plan to a client, writes Mark Moran, there are six important questions an adviser should ask plan providers to ensure thorough due diligence has been carried out
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,...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months