OnDemand WTP Pricing Research

Call to ‘shop around for funeral’ as sector faces major shake-up | This is Money

Shopping around for a funeral is anathema to many people who lose loved ones or close relatives. But such inertia – understandable though it may be – is allowing some funeral directors to get away with sky-high prices.

Last week, the Competition & Markets Authority confirmed it would be launching a full-blown probe into the multi-million pound funerals industry, amid concerns that the cost is rising at three times the rate of inflation.

It pointed an accusing finger at the large funeral chains for adopting policies of ‘consistently high year-on-year price increases’. It also highlighted the 84 per cent average increase in fees imposed by crematoria over the past ten years.

Read complete article here:

Call to ‘shop around for funeral’ as sector faces major shake-up | This is Money.