It all began with a post in Facebook: ‘I’ll be going to the Guardia sometime this week to make a denuncia regarding Iberian Funerals. If anyone is in the same position and wants to come with me, you are welcome’.
The Olive Press leads with ‘The Iberian Funeral Plans (their webpage here) scandal is a disgraceful betrayal of the British expat community in Spain’. The company abruptly closed last week following the death of its owner. The other partners were unavailable for comment, and the head office is said to be closed. 
Who are they? We find a gusher from The Euro Weekly News back in 2022: ‘Funeral Plans in Spain and Portugal: Look after your loved ones with an Iberian Funeral Plan’.
However, from two weeks ago they say this: ‘Recent reports indicate that Iberian Funeral Plans may have stopped operating, leaving many individuals uncertain about what will happen to their prepaid funeral arrangements’.
The company's Facebook page ‘is unavailable’. The company registry for Iberian Funeral Plans (and for Iberian Services Funerarios SL), both based in Alhaurin el Grande, Málaga, is here.
Citizen Advice Spain has ‘An Advisory for Affected Individuals of Iberian Funeral Plans’ here.
A later post from CAS reads: ‘Following further investigation, it has been confirmed that Stephen George Nelson, the sole owner of Iberian Funeral Plans, passed away approximately two weeks ago. For the moment, it appears that there is no indication of any wrongdoing or intent to mislead those who hold funeral plans…’
Various threads on Facebook regarding IFP are here.
The last notice regarding Iberian Funeral Plans is at The Olive Press here (unlike The Euro Weekly, they have investigative journalists): 'Expats demand urgent regulation of the funeral plan sector in Spain after the collapse of Iberian'. Describing the company as 'dodgy', the paper says 'Our investigation suggests the number of clients left with worthless contracts after the collapse of Iberian Funeral Plans could run into the thousands.
And with each policy costing over €3,000 (and sometimes as much as €7,250) the money missing is well into the millions of euros.
The disappearance of Iberian – as reported on our front page last issue – has left the expat community in tatters with joint legal action being threatened and many fingers being pointed'.
The paper then quotes an ex-employee as saying, 'I’ve been told it is unlikely that anyone will get any money back”.
A spokesperson for a rival company says: “Pre-paid funeral plans in Spain generally target expatriates, while Spanish nationals often use alternative methods for funeral expenses.”
At any rate, whether the family of Steven Nelson (they live in the UK) are to step forward or otherwise, the company motto 'Peace of Mind' will not be providing much comfort to those affected.
And thus we appear to have come to this once again, we Brits have been found to be the low-hanging fruit, easily exploited and taken for a ride by our fellow-citizens. Will the Spanish authorities learn from this - perhaps by tightening the rules for this form of speculation - or will they say - well jodér, it's just some guiris ripping off other guiris.
One remembers the unregulated financial advisers, and later the asset management crooks (I see, they are returning once again). So, it's caveat emptor out there: be warned and be careful.
Later: The Olive Press has an update - a rather sinister one - on the company as the owner is confirmed to have died in Portugal.