“I was appointed Actuary to The Golden Charter Trust Fund in 1991 and have reported at least annually since that date to the Board of Trustees regarding the ability of the Trust Fund to meet its liabilities for maturing funeral plans”.
On an annual basis, as at 31 March, a full and detailed Actuarial Review is undertaken. Additional updates are also provided by me during the year to the Trustees as requested. The most recent full valuation was at 31 March 2017 and showed that the Trust’s assets were over 100% of the funds required to meet future funeral costs covered by the plans in the Trust allowing for increases in funeral costs in line with future levels of inflation as measured by the Consumer Price Index.
Barnett Waddingham LLP, Consultant Actuaries