Will my money be safe?

The Co-op Funeralcare Funeral Plan is invested in a regulated whole-of-life insurance policy or trust fund in accordance with the rules and guidelines set out by the Funeral Planning Authority (FPA).

This insurance policy is managed on our behalf by an independent company called Royal London and the trust funds are managed by independent trustees. The funds are also regularly reviewed and audited. The funds are then released to us when your funeral has been provided or in certain other limited circumstances in accordance with the terms and conditions.

If you had previously paid for your Funeral Plans by a Fixed Monthly Payment, the money was invested in a different Whole of Life policy, managed by AXA Wealth Ltd.

No matter how much the cost of the funeral you have chosen rises in the future, your loved ones will not be asked for a penny more for the services included in your selected Funeral Plan. This includes those third party fees included in your plan. Not every Funeral Plan provider will guarantee to cover these third party fees and hide clauses away in their ‘small print’ stating they will only pay a contribution towards them. We don’t think this is fair, which is why our Funeral Plans are truly ‘fully guaranteed’.

Whichever fund your money is invested in, you can have the peace of mind that in the extremely unlikely event that we ever did go out of business in the future, your Funeral Plan money will always be available.