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Consumer group slams CSLR as 'ineffective'

Consumer group slams CSLR as 'ineffective'
ifa.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifa.com.au Daily Mail and Mail on Sunday newspapers.

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From body snatchers to dodgy marketers: the dirty history of funeral schemes

Funeral schemes come in various forms but work on the same basic idea. They promise a guaranteed payout upon death to cover funeral expenses.
The idea of a scheme to provide for a funeral is not new. In 18th century Britain a thriving system of “burial clubs” emerged to assist the poor and working classes to save for a funeral. These clubs were spurred by fears of a “pauper’s funeral” and one’s body being stolen and sold for medical experimentation. But with such schemes came financial fraud and in some cases far worse crimes.
Fears of body snatchers may be a thing of the past, but concerns of “funeral poverty” remain. So does the potential for fraud and exploitation in such schemes. ....

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Put the Banks Under State Control! | Dissident Voice

Australia’s Capitalist Finance Sector: Deception, Exploitation and Misdirection of Financial Resources
by Trotskyist Platform / May 11th, 2021
In recent years, the ripping off of customers, deceit and even outright fraud practiced by Australian finance sector businesses has gained much attention. Four years ago it was revealed how CommInsure, the insurance arm of the Commonwealth Bank of Australia (CBA), had refused to make promised life insurance payments to heart attack survivors. They “justified” this by using a definition of a heart attack that was so dodgy that even some people who had
such a severe heart attack that they had to be resuscitated were denied their entitled pay outs! Such devious practices have been undertaken by finance sector enterprises big and small – from the big four banks and insurance giants to brokers and loan enablers and to retail businesses that hand out loans. As a result the banks, insurance companies and the brokers and others ....

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Financial counsellors uncover former clients of controversial funeral insurer ACBF in remote Kimberley

Financial counsellors uncover former clients of controversial funeral insurer ACBF in remote Kimberley
SatSaturday 20
Josephine Grace and her friend Deborah Sebastian were ACBF clients.
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More than a dozen former ACBF clients on WA s Dampier Peninsula say they had issues with the insurer
Financial counsellors say the company targeted vulnerable people
The company, which has since rebranded as Youpla, says it takes complaints very seriously
We were wondering who they were, and they reckoned they were from the Aboriginal funeral planning mob, she said.
We sat down and talked with them and they said they help Aboriginal people when you pass away for funeral costs, because it s expensive. ....

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