Original article by Simon Evans
The Australian Financial Review – Page: Online : 5-Oct-18

The Hayne royal commission has slammed the funeral insurance sector, and has urged the Australian Securities & Investments Commission to use new product intervention powers to close down "junk funeral insurance". Listed funeral companies InvoCare and Propel Funeral Partners, which offer only pre-paid funeral contracts, are likely to benefit from the commission’s attack on funeral insurance. InvoCare CEO Martin Earp says funeral insurance does not offer value for money, while Propel CEO Albin Kurti contends funeral insurance ends up costing consumers more when compared to pre-paid contracts.

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, INVOCARE LIMITED – ASX IVC, PROPEL FUNERAL PARTNERS LIMITED – ASX PFP