In recent years, the funeral planning industry has faced significant challenges, leading to the collapse of notable companies. Safe Hands Plans Ltd, which had approximately 70,000 customers, went into administration in 2022, leaving many families in a difficult position regarding their pre-paid funeral arrangements. Additionally, One Life Funeral Planning Ltd, which served around 13,700 plan holders, also went bust after regulatory authorities declined to authorize the company under new industry regulations implemented two years prior. These failures highlight the importance of choosing a financially stable funeral provider and the impact of regulatory changes on the industry, as many customers are left seeking alternatives for their funeral planning needs.