Article preview: The funeral industry is facing intense scrutiny after the competition watchdog identified “extremely vulnerable” customers at risk of exploitation from rising prices. According to the Competition and Markets Authority (CMA), this £2bn sector has raised the price of arranging a funeral by more than two-thirds during the last decade. This price rise is around three times the rate of price inflation during that time. After launching an investigation into the sector earlier this year, a new interim report indicates problems with the market for funeral director services and crematoria services.
Funeral sector facing competition scrutiny
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This 695 word blog post reports on an interim report from the Competition and Markets Authority, identifying several issues in the £2bn funeral sector. Includes expert commentary from Andrea Coscelli, chief executive of the CMA and Louise Eaton-Terry, funeral cost expert at Royal London. Written on 30th November 2018.
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