Funeral plan agency rapped over deceptive adverts about the way it invests prospects’ cash
Distinctive Funeral Plans claimed shoppers’ money was put in an funding belief, the Sterling Belief Company Ltd
A funeral plan agency is beneath hearth for deceptive prospects about the place their cash was held. Distinctive Funeral Plans claimed shoppers’ money was put in an funding belief, the Sterling Belief Company Ltd.
‘If something occurs to us, each your plan and refund are 100 per cent safe and secure,’ an announcement on its web site learn.
However a probe by the promoting watchdog discovered this was not the case on the time. And Sterling Belief publicly denied ever receiving funds from the agency.
The funeral plan sector faces a clampdown resulting from mis-selling and high-pressure gross sales ways. From July 29, all corporations have to be regulated by the Monetary Conduct Authority or stop buying and selling.
Distinctive is believed to have greater than 3,000 plan holders however didn’t apply to be authorised.
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