Funeral Plan Trusts

Financial Services Compensation Scheme

In the unlikely event of failure of Avalon there will be a reasonable likelihood that your funeral plan contract will be transferred to and continue to be carried out by another regulated funeral plan provider but that could potentially generate extra costs for you.

In the event that the relevant funeral plan contract will not continue to be carried out by us or another firm then you will receive a payment corresponding to your balance, but this may not be the full amount you’ve paid in.

Avalon are a member of the Financial Services Compensation Scheme (FSCS). Should Avalon be unable to meet its liabilities, you may be entitled to compensation from the compensation scheme.

Further information about the scheme is available on the FSCS website: www.fscs.org.uk

Annual Trust Solvency Assessment Reports (as at 30 June 2023)

The Financial Conduct Authority (FCA) require all plan providers that hold plan funds in a trust to publish an annual Solvency Assessment Report (SAR). The following SARs have been produced by an independent actuary in accordance with the Financial Services and Markets (Regulated Activities) Order 2001 and they cover the determination, calculation and verification of the assets and liabilities of the trust as at 30 June 2023.

Publication Date: October 2023
Next Update: October 2024