Farepak

Co-op has attempted to safeguard its Christmas savings scheme to prevent another Farepak-type crisis in the unlikely event it went bust.

Cash in Christmas savings schemes still isn't safe if the club goes bust, despite a trade association outlining more protection.

Victims of the Farepak collapse will be paid back about half the money they lost after the Christmas savings business went bust.

Farepak campaigners are reportedly set to press the firm's bank for another £10 million in compensation for customers hit by the collapse of the Christmas hamper business.

A High Court judge has blamed banking giant Hbos for the collapse of Christmas sales firm Farepak, which folded six years ago leaving tens of thousands of savers out of pocket.

Farepak customers could face further delays in retrieving cash lost after the Christmas savings club collapsed in 2006.