Regulated status
Celebration of Life Planning Ltd is a funeral plan provider regulated and authorised by the Financial Conduct Authority and entered on to the Financial Services Register under reference 958912.
The Celebration of Life Trust
The Celebration of Life Trust is completely separate from the business and has been established to hold funeral plan funds allocated to pay for the funeral at the time of need. The funds are looked after by independent professional trustees. The trust accounts are audited annually and the trust as a whole receives a full actuarial verification every year. A Solvency Assessment Report is completed as a result and the last report from June 2024 can be found here.
Commission disclosure
Our aim is to be clear and upfront with our pricing and service, as well as how funds are managed which is an industry standard structure.
The total cost of a prepaid direct cremation plan is £1,650 which consists of:
- £800 retained by your plan provider (Celebration of Life Planning Ltd) to cover the cost of company operations, sales and the lifetime administration of each plan.
- £850 is then put into a secure Trust and is completely separate from the business. This is how much is needed for the funeral provider (Celebration of Life Cremations Ltd) to cover all funeral expenses at the time of need.
This breakdown is to demonstrate how funds are allocated and does not affect your amount refundable. Your plan is fully protected by the Financial Services Compensation Scheme (FSCS). More details about funeral plan protection can be found here.
National Association of Funeral Plan Providers
NAFPP - Celebration of Life Planning Ltd
Other regulatory information
Financial Services Compensation Scheme