Funeral plan provider, Golden Leaves, is on track to become regulated by the FCA after securing ‘Minded to Approve’ status.
Just one of a few funeral plan providers now very likely to achieve full regulation, the new FCA ruling will come into force on 29 July 2022, by which time it will become a criminal offence for any non-regulated provider to sell or administer a funeral plan.
Golden Leaves said it has “long adhered” to standards of excellence, having played a major role in the development of the Funeral Planning Authority in 2001, and in becoming the first and only independent firm within the UK to secure the prestigious BSI Kitemark Customer Service Certification.
Barry Floyd, CEO of Golden Leaves, said: “Since inception, Golden Leaves has worked tirelessly to establish our reputation as a stand-out funeral plan provider that is committed to building positive working relationships throughout the industry.
“Our dedication to upholding industry standards is also demonstrated by other regulatory and impressive achievements, such as the BSI Kitemark accreditation, together with our founder, Tony Rowland, being awarded an MBE for ‘services to Undertaking and the community’ after supporting bereaved families for 65 years.”
He added: “We are, therefore, delighted to have progressed to the next stage of the FCA regulation and look forward to upholding high industry standards from July 2022 and beyond.”