Arron Wilson was told his funeral fund would help his family – now his money is gone

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Calls for compensation as Youpla Group’s collapse leaves thousands of Indigenous Australian policyholders with nothing

garrindjeri man Arron Sumner Wilson has been to a lot of funerals, including his brother’s in 2017 and his mum’s in 2019. He knows how expensive they can be. So he thought he was doing the right thing by signing up to an Aboriginal community benefit fund he believed would cover his funeral costs, so his daughters were not saddled with a debt they couldn’t afford to repay.

“It’s a funeral fund we was putting into, and funerals ain’t cheap,” Wilson says. “It’d be different if it was like you’d made a fool of yourself by investing in some company that folded, you know, something silly. This was for a funeral, to make sure you get a burial. And money being left behind for other loved ones, that’s the whole idea of what I was doing it for.”

ACBF was found to have sold vulnerable Aboriginal people low-value funeral insurance, including cover for children and babies, with people allegedly paying more over time than the policies were worth. “First Nations policyholders have sacrificed and worked hard to put money aside for sorry business and have now been left with the risk of unimaginable intergenerational debt as a result of Youpla’s inability to follow through on its promise.”

 

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