The high cost of the £2 billion funerals industry is under investigation, with the Competition and Market Authority (CMA) and the Treasury both launching reviews into the sector.
The CMA is conducting a market study to examine the information that funeral directors provide about their prices and services, and how these costs have changed over time.
In 2017, the average cost of a funeral was £3,784, though extra costs can add up to £2,000 to this figure in some cases.
The study will also look at the rising cost of cremations, which are estimated to make up around 75% of all funerals.
At the same time, the Treasury is launching a review of the regulation of pre-paid funeral plans to “ensure the fair treatment of consumers”.
Daniel Gordon, senior director of markets at the CMA, said:
“People can understandably be very emotionally vulnerable when planning a funeral.
“We therefore think it is important that – at what can be a particularly challenging time – the process is made as easy as possible.
“We want to ensure that people can receive clear information on prices and the services making up a funeral, and get a fair deal on cremation fees.”