Secure Funeral Solutions

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Trust Funds Explained - Your investment is safe

All companies we advise on comply with this code of practice

Maximum care has been taken to ensure the fund in which our customers’ monies are invested complies with all current legislation as set out in the ‘Regulated Activities Order’ (Financial Services and Markets Act 2000).

Article 60 of the R.A.O stipulates ‘sums paid by the customer under the contract will be held on trust for the purpose of providing the funeral and that the following requirements will be met with respect to the trust:’

Trust Fund Rules

  • ‘The trust must be established by a written instrument.’

  • ‘More than half the trustees must be unconnected with the provider.’

  • ‘The trustees must appoint an independent fund manager who is an authorised person who has permission to carry out an activity of the kind specified in article 37 of the RAO, and who is a person who is unconnected with the provider, to manage the assets of the trust.’

  • ‘Annual accounts must be prepared and audited by a person who is eligible for appointment as a company auditor under Section 25 of the Companies Act 1989 with respect to the assets and liabilities of the trust.’

  • ‘The assets and liabilities of the trust must, at least once every three years, be determined, calculated, and verified by an actuary who is a Fellow of the Institute of Actuaries or the Faculty of Actuaries.’

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