Majority of stakeholders happy with FSCS

Of the respondents to the body's annual self-assessment - which were mainly trade bodies - 87.5% regarded the FSCS as favourably, while 12.5% said they saw it unfavourably. The stakeholders were confident they understood the lifeboat's objectives and were happy with its management, stakeholder engagement and contribution to consumer confidence and financial stability. The service was marked down for cost effectiveness and pursuing recoveries, however. In a blog post in June chief executive Mark Neale (pictured) wrote: "I should simply observe on recoveries that it is often difficul...