Funeral plan valuation and authorisation support
Funeral Plan Consulting Services
Funeral Plan Services
With funeral plan providers now under Financial Conduct Authority regulation, they need a qualified actuary they can trust. Broadstone’s team of funeral plan experts and investment advisers offer a comprehensive suite of consulting services tailored to meet the diverse needs of funeral plans, regardless of their size. Our expertise includes:
- Solvency assessment: including the delivery of the Solvency Assessment Report for trust based plan providers
- Product development and pricing
- FCA authorisation application support for providers entering the market
- Financial projections
- Liability model building and updating
- Investment strategy review including asset allocation and asset manager review and recommendations
- Review of contractual arrangements between provider, trustees, and funeral director
- Stochastic modelling
- Independent strategic project support
Our goal is to provide funeral plan providers with the tools and insights they need to operate efficiently, remain compliant, and achieve long-term success.
Our Expertise and Experience
Our experience of the wide range of contractual arrangements between provider, trustees and funeral director enables us to add significant value.
We can provide the actuarial input required for the FCA authorisation application including the actuarial
valuation, financial projections, and assumption setting. Our proven valuation models using the Mo.net actuarial financial modelling solution enable us to calculate and analyse liabilities at a competitive price. This is particularly important for new providers entering the market, whose projected balance sheet is more sensitive to actuarial assumptions.
Further services we provide include peer review, internal audit, remediation plan review, training for trustees, experience investigation, and general troubleshooting.
Whatever your business challenges, our advice is characterised by a clear and accessible style of communication that will help you make informed decisions.
If you would like to know more about how we can help your business, click below to get in touch and let’s start working together
In this episode of The Broadcast, our host Simon Kew is joined by Erika Parker, Senior Consultant & Actuary from our Insurance, Regulatory & Risk team, to discuss funeral plans. We explore what a funeral plan is, the role of a funeral plan actuary, and what the future looks like for the funeral plan market.
Download Our Brochure
Funeral Plan Consulting
We provide a full range of services to funeral plans of all sizes, including solvency assessment, FCA authorisation application support, financial projections, and general consulting services.