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Pre paid funeral plan with Safe Hands

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  • lincroft1710
    lincroft1710 Posts: 18,931 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Me_2 said:
    I suppose this leaves Planholders with what, Trading Standards? The Police? As avenues to try and get all their money back if the providers don't play ball.
    Safe Hands are in administration,

    https://www.moneysavingexpert.com/news/2022/04/prepaid-funeral-plans---safe-hands-administration---what-to-do-n/

    Too late to contact TS (even if you could) and contacting the police would not get any money back even if SH were still trading
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Me_2 said:
    I suppose this leaves Planholders with what, Trading Standards? The Police? As avenues to try and get all their money back if the providers don't play ball.

    Trading Standards and the police don't run financial compensation schemes.
    When you lend your money to a small unregulated business there is an inherent risk of not getting it back. Unfortunately the only realistic option is to wait for the administrators. Standard procedure in this situation is to write off the loan and treat any return as a bonus.
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