Page 3 - லூயிஸ் ஸ்டீவன்சன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

United kingdomKenneth hayneBryn jonesEdinburgh greyfriars kirkyardCharles dickensRobert louis stevensonFinancial services industryInvestments commissionAustralian financial complaints authorityRoyal commissionAboriginal community benefit fundLouis stevensonBody snatcherMurder actAustralian securitiesTorres strait islander