FSA recommends no change to FSCS limits

In its consultation paper 05/15 Review of Compensation Scheme and Ombudsman Service limits and miscellaneous amendments to the Compensation sourcebook – the FSA notes that: most claims or complaints are still well below the current maximum limits; there is no evidence that consumer behaviour and market confidence are being significantly affected by current limits; FSCS limits significantly exceed EU minimum limits (currently €20,000) for deposits and investments; FSCS limits are also generally higher than in other EU member states and other major world economies, with the exception...