Financial Services Compensation Scheme chief executive Loretta Minghella resigns
Financial Services Compensation Scheme (FSCS) chief executive Loretta Minghella has decided to step down next spring after five years in the role.
Minghella said the time was ripe for a 'new challenge'.
Loretta Minghella said: "It has been a great privilege to lead the FSCS over the past five years and it will be hard to say goodbye to so many excellent colleagues, but I believe that it is time for me to move on to a new challenge.
"The organisation is only eight years old, and yet it has already achieved an enormous amount, compensating over 3 million consumers and playing an increasingly important role in supporting financial stability. This record of delivery has provided a platform on which the FSCS is now building an even stronger organisation for the future."
Chairman David Hall said: "The Board understands Loretta’s decision but will be very sorry to see her leave. She has steered the organisation skilfully through extraordinary times, overseeing the delivery of over £21bn of compensation in a number of innovative ways."
