FSCS: We have never pursued a recovery without covering costs

In his latest blog post, Mark Neale outlined the organisation's thinking behind its recovery actions, saying it was determined to try and recover as much money as possible to offset the cost to levy payers. Neale responded to concerns raised by some stakeholders about the organisation's lack of transparency in the field. The stakeholders, which include industry trade bodies and firms, had asked the FSCS to disclose more information about the economic analysis which underpins its decisions and why it pursued recoveries in some cases, but not in others. The FSCS pays out to clients o...