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Tel: 020 7561 1786 (Multilingual advisors available) Fax: 020 7272 8192 Email: info@credit-union.coop

Wed 16-Aug-2017
NewsSavings plan helps with funeral costs
Print
4 May 2017
Savings plan helps with funeral costs

At the Credit Union we find that a significant part of our lending business is to meet funeral costs and so we have set up a specific funeral savings plan to help members prepare for such costs.

The affordability of funerals has become a hot topic recently, with latest research suggesting that over 200,000 families were without enough funds to cover their loved ones funeral costs in 2015. As industry leaders, Co-op Funeralcare took several steps to tackle the issue over the course of 2016, including working alongside the anti-poverty charity, Quaker Social Action, in supporting their Fair Funerals campaign. This saw the Co-op become the first funeral provider to sign their new pledge to tackle funeral affordability.

As part of this effort, the Co-op has also relaunched its range of funeral plans, making it more affordable for people to plan ahead and protect their loved ones from rising funeral costs. The range includes the UKs most affordable, fully-guaranteed funeral plan, the Simple Funeral Plan, which costs £2,995 inclusive of third party costs.

A spokesperson for Co-op Funeralcare said: We recognise that meeting funeral costs can be difficult, and we remain focused on playing our part to tackle the issue of funeral affordability. Amongst a number of measures, we reduced the cost of our most affordable funeral option by 7% in 2016.

To find out more about our Credit Union funeral savings plan, please do contact us.


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  • London Capital Credit Union
  • Tel: 020 7561 1786 (Multilingual advisors available)
  • Fax: 020 7272 8192
  • Email: info@credit-union.coop
  • Web: http://www.credit-union.coop
Authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential Regulation Authority. Firm Ref. No. 214094