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Call for inquiry into Safe Hands collapse rejected by UK’s finance ministry

By Phoebe Seers ( March 19, 2024, 14:20 GMT | Insight) -- A call for an independent inquiry into the collapsed funeral plan providers Safe Hands Plans has been rejected by the UK’s finance ministry. City minister Bim Afolami said it wasn‘t appropriate to use taxpayers’ money to compensate consumers who lose out due to the conduct of unregulated companies. The company collapsed four months before regulation bringing funeral plan providers under the FCA’s regulatory remit took effect. A call for an independent inquiry into the collapsed funeral plan providers Safe Hands Plans has been rejected by the UK’s finance ministry....

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