This is a the Cayman Islands news story, published by BBC, that relates primarily to 10.9m. news.
For more the Cayman Islands news, you can click here:
more the Cayman Islands newsFor more 10.9m. news, you can click here:
more 10.9m. newsFor more personal finance & financial education news, you can click here:
more personal finance & financial education newsFor more news from BBC, you can click here:
more news from BBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about
defunct funeral firm. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest funeral firm news, funeral care plan issuers news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Safe Hands Plans LtdBBC
•
80% Informative
Funeral plans are designed to allow people to set money aside during their lives to help their families pay for a funeral when they die.
Safe Hands was one of dozens of companies operating in the previously unregulated pre-paid funeral sector.
The plans became particularly popular as funeral prices soared, but there were questions over the lack of protection if a provider went bust.
Since July 2022 , providers have required approval to operate from the Financial Conduct Authority , giving consumers greater protection.
Planholders are owed an estimated 70.6 m - and the expected returns are between 8m and 10.9m.
Of the tens of millions owed to planholders, the documents show 45.1 m of investments were made in the Cayman Islands .
In 2018 , a loan of about 3.5 m was received by the company's previous owner, Malcolm David Milson .
VR Score
80
Informative language
76
Neutral language
68
Article tone
informal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Affiliate links
no affiliate links