Southport Reporter ® Online Newspaper for Merseyside
Southport and Mersey Reporter- Your online only weekly Newspaper.
Your Online Newspaper for the Merseyside Area.

Click on to see our Twitter Feed.  Click on to see our Facebook Page.   


Latest Edition Archive   PLEASE NOTE THAT SOME SECTIONS OF THIS PAGE ARE NO LONGER WORKING THIS PAGE IS NOW ARCHIVED FOR HISTORIC RECORD.

>

 

   

 

 
Updated news stories weekly.  Published online only over every  Friday Night.

Your online newspaper.   Your words.

Issue:- 17/18 April 2015

Till debt do us part

AFTER decades of the number of deaths in the UK falling, 2015 will mark a "tipping point" where the historic trend starts to reverse; as the oldest of the babyboomer generation move through their later years deaths are predicted to rise by 20%.

This trend reversal will have significant implications for current forecasts of funeral costs and highlights a growing need for families to broach the delicate subject of end of life expenses.

The findings form part of a new report commissioned by mutual, OneFamily, which incorporates Family Investments and Engage Mutual, and undertaken by the International Longevity Centre; UK (ILC-UK).

The report:- "The funeral time bomb", will be available from 20 April 2015 and reveals:-

Funeral costs are already soaring in the UK with the cost of a simple funeral increasing by 80% between 2004 and 2014.

With deaths predicted to rise, increasing pressure on funeral services is likely to push prices even higher: ILC-UK predicts that funeral costs could reach or exceed £7,000 by 2020, with the cost of a simple funeral projected to rise to £5,226 by 2020.

Aggregate spending on funerals in the UK could rise to £3.7bn by 2020 (up from £2.8 bn. in 2014).

Funeral debt (where money has been borrowed to cover the cost of a funeral) in the UK could reach a quarter of a billion in less than 20 years

The report highlights a growing need for families to come together and plan ahead for funeral expenses. It reveals that an estimated 109,000 UK adults incurred funeral debt in 2013 with the average standing at £1,305 per person.

In total, funeral debts incurred during 2013 equated to £142m and the ILC-UK calculates that based on current trends, the total UK funeral debt could reach a quarter of a billion by the mid-2030s: an increase of 76%.

The figures could have a significant impact on families who are already under financial pressure. At present, 14.5 million families would not be able to pay for a funeral at short notice unless the deceased had taken out some form of funeral provision, such as life cover, to help towards the costs.

Baroness Sally Greengross, Chief Executive of ILC-UK, said:- "More than half of UK households have less than £3,000 in savings and many will struggle to cover funeral costs. We all need to talk more about dying and ensure we are prepared for the inevitable. State support for funerals is complex and inadequate and without reforms will contribute to more people falling victim to funeral debt."

Simon Markey, CEO of mutual OneFamily, which helps around 1 in 12 of all UK families to support one another financially, said:- "Our own research shows us that families are coming together more and more to help one another financially. Nearly half of UK adults who have provided family members with assistance have done so to help them to cover day to day expenses. This report reveals a need for families to look to the future too.  While the subject of end of life expenses can be a very delicate one to discuss, the findings highlight how starting this conversation could help avoid leaving loved ones with unexpected debts they may find difficult to manage."

22% of those who have arranged a funeral in the past 5 years had to do it without financial provision having been made by the deceased. Government Funeral Payments have not kept up with rises in funeral costs and in 2012 the average amount awarded represented just 37% of the costs of a simple funeral.

The report argues that borrowing costs are unaffordable for many and that there is an urgent need for more support and greater pre-planning.

'The funeral time bomb'
is free to download from:- EngageMutual.com  and ILC-UK.Org.UK  from Monday, 20 April 2015.

News Report Page Quick Flick.

Click on here to go back to this week's home page! News Report Page Quick Flick
Click on this section to see last weeks edition of Southport and Mersey Reporter!
 

Sign up today for our daily email news service!

Sign up to our Daily Email News Service by clicking here now...

Did you know we where the UK's first online only newspaper and we still are?  Here at Southport and Mersey Reporter  we are still at  leading the way for local news.

All email addresses and information is held under the UK's Data Protection Act.

 

 

 

Deceased estates notice - Lilian May Jackam

Pursuant to the Trustee Act 1925, any persons having a claim against or an interest in the Estate of Lilian May Jackam (also known as Lillian May) Jackam (Deceased), late of Birch Abbey Rest Home, 55 Alexandra Road, Southport, Merseyside, PR9 9HD, UK, who died on 04/10/2018, are required to send particulars thereof in writing, to the undersigned Solicitors, on or before 24/05/2019, after which date the Estate will be distributed having regard only to claims and interests of which they have had notice. Churches Solicitors, 12 High Street, Fareham, Hampshire, PO16 7BL, UK. Ref:- 'T553015.'

..Paid Advert..

Contact us:-
(+44)  08443 244 195
Calls will cost 7p per minute, plus your telephone company's access charge.
Calls to this number may be recorded for security, broadcast, training and record keeping.

RSS  Weekly Headline Update Notices

  
News24@SouthportReporter.com
4a Post Office Ave, Southport, Merseyside, PR9 0US, UK
 
This online newspaper and information service is regulated by IMPRESS, the independent monitor for the UK's press.

This online newspaper and information service is regulated by IMPRESS the independent monitor for the UK's press.

How to make a complaint

This is our process:-  Complaints Policy  -  Complaints Procedure  -  Whistle Blowing Policy

 

See the view live webcamera images of the road outside our studio/newsroom in the hart of Southport.

Our live Southport Webcam image above.
To see it live, please click on image.

Event Notices

More events that are taking place on Merseyside can be found on our Event Listings Calendar.

Find out whats on in and around Merseyside! Click on here to see our event calendar.
Are you going to this event?  If you are please let us know what you thought of it!

These are our other websites within the Southport & Mersey Reporter Network.

Mersey Reporter - OUR HUB WEBSITE. Liverpool Reporter - Our online music station. Southport TV - Our online video archive.
Mersey Reporter Formby Reporter Liverpool Reporter Southport TV
 

 

Tracking & Cookie Usage Policy - Terms & Conditions

© - Southport Reporter® is the Registered Trade Mark of Patrick Trollope

..