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FSCS director of operations steps down

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Financial Services Compensation Scheme director of operations Kate Bartlett has stepped down from the organisation.

Bartlett joined the FSCS in 2010 and was a member of its board.

An FSCS spokeswoman says the lifeboat scheme is seeking a replacement who will take on the newly-created role of chief operating officer.

The spokeswoman says: “Our service depends more on IT and data than before. We have therefore created a new role of chief operating officer to bring together the delivery of our service to claimants with the IT and data infrastructure which supports that service.”

Bartlett was paid a salary of £205,000 in 2014/15, according to the FSCS’s latest annual report.

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Comments

There are 6 comments at the moment, we would love to hear your opinion too.

  1. £205,000 p.a.!!?? I’m clearly on the wrong side of the fence.

  2. Julian, exactly my first thought, my second was, we are all contributing to it!

  3. and no doubt the new incumbent will be paid more! Happy days

  4. In the case of a plc (or for that matter, any company which is funded by its members), shareholders get to vote on such matters as directors remuneration as a point of company ‘law’ (this is a company is it not? It isn’t a quango, as it is not funded by Govt. so what rules do apply here?). It’s all a bit smoke and mirrors and to say that we pay because its our industry protection scheme is a nonsense, as we clearly have no say in any aspect of the running of the scheme.

    Is there such a bailout scheme in existence in any other industry, if so, is it funded through compulsory member-business levies? Just curious

  5. Stewart Tomlinson 16th September 2015 at 9:34 am

    Why should the COO of a quango be paid more than most chief executives of local authorities, who arguably do a far more important job?

  6. Sounds like more than the PM as well.

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