Safe Hands Plans Limited (in administration)
The Funeral Plan Provider, Safe Hands Plans Limited, went into administration on 23 March 2022 following the withdrawal of its FCA application in February. The FCA is due to oversee the funeral plan market from July 2022.
Nedim Ailyan and Ben Stanyon were appointed as Joint Administrators of Safe Hands Plans on 23 March 2022 in accordance with Paragraph 46(3) of Schedule B1 of the Insolvency Act 1986.
Safe Hands Plans halted operations after withdrawing its FCA application and has since ceased to trade. Safe Hands Plans will not be accepting any new customers but will, in conjunction with the appointed Joint Administrators, be assisting current plan holders with contingency funeral planning services with the assistance of a third-party provider.
Interim Funeral Service Provision
We understand the concerns that plan holders may have due to this recent development and we are working closely with the administrators, the funeral planning sector and the FCA to find a viable solution that best helps funeral plan holders as quickly as possible.
Although the Funeral Plan Trust is separate from Safe Hands Plans Limited, the Trustees have delegated their control over the Trust to the Safe Hands Plan Limited (acting by the Joint Administrators) and are assisting the Joint Administrators in exploring potential solutions including the possibility of the rescue of the business with alternative funeral providers.
In the interim, Dignity Funerals Limited has agreed to work with the Joint Administrators to temporarily provide existing customers with funeral planning services for a period of 14 days from 23 March.
This is a joint effort involving lots of different parties and unfortunately we will not be in the position to provide any definite answers in the short term, however, further information is available at www.safehandsplans.co.uk and the customer services team is available on 0800 640 9928.
Safe Hands Plans plan holders will receive written communication in the post within the next 7 days which will include further details of the administration, how to receive future correspondence in addition to a copy of the formal notice of appointment