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On 13 March 2020 the government announced that it will shortly lay before Parliament secondary legislation to amend the regulatory framework for funeral plan providers. The proposal is that the new regulatory framework will come into force 18 months after the legislation is made. This will allow time for the FCA to consult on the new regulatory regime. The FCA will announce its final rules once it has fully considered the responses to its consultation.
We will update our message as more information becomes available.
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On 2 June 2019 the government announced that it maintains its position that bringing funeral plan providers within the remit of the Financial Conduct Authority would be the most effective policy response for strengthening the regulation of the pre-paid funeral market.
The Golden Charter Trust already places great importance on transparency and governance in its role to safeguard the interests of its beneficiaries, and fully supports measures to strengthen consumer protection by statutory enforcement.
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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.