Minghella steps down as FSCS head

She will stay on as a special adviser to the organisation until the end of August 2010. FSCS chairman David Hall says: "Loretta has steered the organisation skilfully through extraordinary times, overseeing the delivery of over £21bn of compensation in a number of innovative ways." Minghella says she believes it is time for a new challenge, adding: "The organization is only eight years old and yet it has already achieved an enormous amount, compensating over three million consumers and playing an increasingly important role in supporting financial stability."