Financial Digest

Payments for thousands of First Nations people who lost money to the collapsed Youpla Group available from July 1

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When funeral insurer provider Youpla Group went bust, it left thousands of First Nations people unable to pay for funerals and conduct Sorry Business, a mourning tradition with deep cultural importance. The Youpla Group — also called the Aboriginal Community Benefit Fund — liquidated in 2022 without enough assets for members to obtain a refund or pay for funerals, which “inflicted significant cultural and emotional harm to many,” an Impact Analysis said. Federal Court-imposed penalty of $1.

was announced in 2022 and allowed the families of former members to claim a grant to cover immediate funeral expenses, and closed on June 30, 2024.

 

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