It’s been another very bad day at the office for the financial product known as the funeral plan, demonstrating its attractiveness to cheats and scammers. Sooner or later some devious little twerp is going to do a runner with a shedful. Some reckon they know who that twerp is. 

Yorkshire Asset Protection, a financial services firm offering ‘specialist advice’ and ‘bespoke solutions’ for people’s estate planning needs, has folded, leaving widow Lynda Madden £6,500 out of pocket. What she and her husband were told were Golden Charter funeral plans turned out to be nothing of the sort. 

Read the whole sad story here

Meanwhile, allegations concerning the growing power of Golden Charter (the real Golden Charter) as funerals’ broker is something we’re increasingly aware of here at the GFG. Funeral directors write in to sound off. A typical account arrived a couple of days ago.  A funeral director who is not signed up exclusively to Golden Charter tells us he was offered £1958 to arrange a funeral which, had he been exclusively signed up, would have yielded him £2686. He says the family had paid over £3000 for the plan, which included provision for a willow coffin. 

Why shouldn’t a £3K plan buy you a £3K funeral? I put this case to Golden Charter and was told that the company rewards those who support it and help it grow the business — why should FDs who don’t commit to it benefit from the hard work and commitment of others? 

I also took the opportunity to ask Golden Charter about its telesales operation in the light of  reported case where a vulnerable old person was distressed by what she felt were pressure sales tactics. I was told that any report of anything other than ethical conduct by a telesales operative would be dealt with swiftly and surgically. 

Golden Charter has invited me, in a spirit of openness, to go and see them at their HQ in Glasgow to lay before them all the concerns that consumers might have about its funeral plans, and I am minded to accept the invitation. If there’s anything you would like me to ask them, please let me know. Drop me an email or leave a comment.