Thanks for all your research which gives me a lot more confidence in the company. I did have a copy of the trust accounts but can't lay my hands on them. In the last few notes to the account there is an address where you can get copies. If you go on the age uk website they reckon that the average cost of a funeral will be £4620 by 2020. They also say that the money in the trust funds are invested in gilts and corporate bonds and not the stock market. It just didn't make sense when the… Read More
You say, “inflation cost of funerals is running at 7 per cent annually”. Cost to whom? In the 4 years and 8 years to 2014 the costs to clients (Dignity revenues per burial) has increased by a compound rate of 6.0% and 5.6% respectively. Over the same 4 and 8 year periods Dignity’s costs, which are most relevant to the Trusts target returns, have increased by 5.4% and 5.1% respectively.
You are right to focus on the Trust investment returns, but the target rate… Read More
Thanks for the response, very comprehensive. I believe these plans fall outside the FCA remit in that they are not a financial product and anyone can sell them. From the analysis it would seem that the cost of the funeral is £1,800. My understanding from someone selling these plans is that the inflation cost of funerals is running at 7 per cent annually. Therefore if I was to take out a plan now and lived 10 years, then the cost of the funeral in 10 years would be £2,700 (probably a… Read More
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