Greater than 3,000 clients omitted of pocket after Distinctive Funeral Plans goes bust
A funeral plan agency that was rapped by the promoting watchdog has collapsed, leaving greater than 3,000 clients out of pocket.
Distinctive Funeral Plans shall be unable to supply any refunds and says plans can’t be transferred to various suppliers.
A probe by the promoting watchdog earlier this month discovered the agency had falsely claimed that shoppers’ money was ‘100 per cent safe and protected’.
Collapse: Distinctive Funeral Plans shall be unable to supply any refunds and says plans can’t be transferred to various suppliers
It had stated the cash was held in an funding belief, however Sterling Belief publicly denied ever receiving the funds.
It comes after Protected Palms, which had round 45,000 clients, collapsed in March.
The funeral plan sector is dealing with a clampdown. From this Friday, all companies have to be regulated by the Monetary Conduct Authority or stop buying and selling.
Anybody who bought a plan from Distinctive Funeral Plans ought to contact its liquidators, Grant Thornton.
Prospects who paid by bank card could possibly declare a refund from their supplier below Part 75 of the Client Credit score Act.