Scotmid Funerals has partnered with Ecclesiastical Planning Services, which will take on the financial management of all the Scotmid Co-Operative’s funeral plans, on behalf of its existing customers.
The move comes ahead of the introduction of new industry regulations, which will come into effect at the end of July by the Financial Conduct Authority (FCA). The aim of the regulations is to provide greater protection of – and clarity around – funeral plans, for the benefit of consumers.
James Blackburn, Head of Funerals at Scotmid Funerals, said: “We’re delighted to be partnering with Ecclesiastical. As we transition into a regulated environment, we wanted to select a partner who shares our values and seeks to ensure the best possible service for our clients.
“We are confident that the extra protection this relationship will provide will be welcomed by our plan holders.”
Scotmid will continue to manage and oversee the physical aspects of funerals and their arrangements, as the customer facing business, allowing them to carry on providing the first-class, personal service they are known for. Ecclesiastical will assume responsibility for the overall management of the plans, including all financial elements.
Chris Clark, Managing Director of Ecclesiastical Planning Services, said: “With regulations fast approaching, it’s essential that funeral director’s partner with planners who share similar values and professionalism.
“We’re looking forward to working closely with Scotmid Funerals to ensure clients feel supported throughout the funeral process.”
More information can be found at www.scotmidfunerals.coop and at www.funeral-plans.co.uk/about-us/