Pure Cremation Funeral Planning Ltd is the plan provider and is authorised and regulated by the Financial Conduct Authority (reg no FRN 965260)Find out more
All plan holder funds are safeguarded until needed. Here’s how:
Just like other big funeral plan providers in the UK, we use a Trust to safeguard the funds needed to meet funeral expenses
If you’ve opted for our Trust-based Funeral Plan, whether you’ve paid in a single lump sum or over a fixed number of instalments, then your money will be placed into a secure, independently managed Trust
When the money is needed for a cremation, the Trust requires an invoice, proof of death and 2 Trustee signatures to allow the funds to be released to pay for it
When you buy an Over 50s Insurance-backed Funeral Plan from Pure Cremation, we purchase a ‘whole of life’ policy from Scottish Friendly, one of the largest mutual life companies in the UK which has been around since 1862
Scottish Friendly is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulations Authority, again this gives the confidence that it is well run in line with UK regulations
The insurer can only make a payment under the plan to provide the plan holder’s funeral or provide a customer refund. If the firm is in default then payments will be made to the customer, their next of kin or another party based on the findings of the Financial Services Compensation Scheme
At the last review on 31/12/20, the Trust had a very healthy surplus, with a funding level of 130.2% calculated on a best estimate basis, meaning that the Trust has more than enough funds to cover the costs of all plan holders’ cremations as promised. The Trust surplus is monitored monthly by both the Trustees and the Board of Directors to ensure this strength is maintained.
To see a summary of the Trust’s solvency position please click here.
The Trust is managed by four Trustees
CEO of Pure Cremation Group Ltd
The appointment of a qualified, FCA registered investment manager to look after the funds placed into the Trust – this is W H Ireland plc
The appointment of a suitable funeral provider to carry out plan-holders’ wishes – this is Pure Cremation Ltd
Overseeing the management of the Trust to ensure that funeral expenses can be met and producing the annual report
Free Funeral Plan guide
Request our complete guide today - explore whether a Pure Cremation Plan is right for you and discover the different payment options available.
Our lovely people will help you get started and answer any questions.
For prepaid funeral plans from Pure Cremation Funeral Planning Ltd
Mon-Fri: 8am-6pm, Sat: 9am-5pm, Bank Holidays: 10am-4pm.
To arrange a funeral with Pure Cremation Ltd
Lines open 24 hours, 7 days a week.