FSCS to address 'weaknesses' with systems overhaul

Yesterday's FSCS Plan and Budget for 2011/12 says an independent review revealed the need to improve its systems and controls, warning failure to do so would place at significant risk its "ability to deliver an accurate and efficient service" going forward. "We plan therefore over the next four years (to 2014/15) to address these weaknesses by investing in IT systems which will support a resilient and flexible service," the budget plan says. For this year, the compensation body says it will focus its IT energies on what it calls its "must do" activities or "getting the basics" up to s...