letters

Lessening the load

Suzanne McCarthy, chief executive, FSCS Sir, Recent articles in Investment Week have commented on the role of the Financial Services Compensation Scheme (FSCS) when an authorised company becomes insolvent. While the 'good pay for the bad' may be considered to be an unpalatable fact of life by some, the existence of a fund of last resort is essential to maintain confidence in the sector. It shows consumers they are dealing with a responsible industry, which will protect consumers if things go horribly wrong. If the FSCS was not there, many of your readers' customers might not be ther...