VBS has not paid funeral policy claims, industry body Fira says
Funeral industry association says some funeral homes were acting as brokers between the public and VBS
The funeral industry has been left to pick up the pieces in the wake of the VBS Mutual Bank cash scandal. Funeral Industry Reformed Association (Fira) spokesperson Johan Rousseau said on Friday that VBS had failed to pay out funeral insurance and policy claims‚ leaving members of the public and the industry frustrated. It was one of a number of sections affected by the VBS saga. "What happened is that some of these funeral parlours had policies that were underwritten by VBS. These funeral parlours were acting as brokers between the public and VBS‚" said Rousseau. Because Fira is not an ombud or regulator‚ there was hardly any assistance it could provide‚ he said. "The only thing we are trying to do is go to the FSB (Financial Services Board)‚" Rousseau said. He warned people to be wary of the companies they had dealings with‚ saying that for now‚ they had no direction on whether they could recoup any of the funds put into VBS. Earlier this week‚ TimesLIVE reported that the governmen...
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