Pre-paid funerals warning
LEGISLATION could be introduced to control the booming industry in pre-paid funerals, the head of the Office of Fair Trading warned yesterday.
Sir Bryan Carsberg, OFT director-general, told BBC 2's The Money Programme that new laws were a 'distinct possibility'. Under the schemes, customers buy a funeral at today's prices; the money is invested and pays for the arrangements when the customer dies.
The growth in the industry and the large sums involved led to an OFT investigation.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies