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On 5 July 2021 the FCA published their Policy Statement which sets out the majority of the final rules in relation to the FCA’s regulation of the sale and administration of pre-paid funeral plans from July 2022.
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On 2 March 2021, the FCA issued a Consultation Paper on its proposed approach to regulation of the funeral planning sector. From 29 July 2022 activities involving the provision and distribution of pre-paid funeral plans will become fully subject to FCA regulation, and firms conducting these activities will need to be authorised by the FCA. The FCA have designed their rules in a way that allows for the continuation of existing business models. This means that funeral plan providers can maintain trust or life insurance arrangements to back the business they have written. The Golden Charter Trust responded to the consultation paper by the deadline of Tuesday 13 April and now await publication of the final rules which are expected in the summer of 2021.
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When you purchase a funeral plan from Golden Charter, you need confidence that the money you have paid will be safely protected until it is required to pay your selected funeral director who has guaranteed to carry out the services of your funeral plan.
The Golden Charter Trust exists for this purpose, and so safeguards the long-term interests of both planholders and funeral directors.
Golden Charter funeral plans are sold by Golden Charter Limited, and if you are looking to purchase a funeral plan, or have a query on an existing plan, please contact Golden Charter Limited directly.
The Golden Charter Trust (“the Trust”) is an entirely separate legal entity from Golden Charter Limited, with its own Board of independent Trustees. To give further assurance, the Trust complies with the Rules and Code of Conduct of the Funeral Planning Authority in respect of monies paid into the Trust from the sale of funeral plans by Golden Charter.
Please explore our website to learn more about the Trust, its people and its carefully selected investment managers and professional advisors.