Co-operative Funeralcare investments offer "peace of mind"

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Co-operative Funeralcare investments offer "peace of mind"

Co-operative Funeralcare has reported a rise in sales for its funeral plans which a representative from the company puts down to the "peace of mind" they offer.

The funeral planning market is thought to be worth £500 million annually and the Co-operative claims the increase in sales is because people have "lost faith" in other types of investment.

Ian Mackie, managing director of funeral planning for Co-operative Funeralcare, says funeral plans can be a solid investment as people do not have to rely on interest earned on savings as they are guaranteed against increases in costs.

He added: "More importantly they also offer that most important element - peace of mind."

The increase in like-for-like sales at Co-operative Funeralcare was announced as 28 per cent for the first half of 2009.

Co-operative Financial Services announced at the beginning of this month that the high street bank Britannia has become part of the Co-operative Group.

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