Clause 155
Banking Bill
9:00 am
Mark Todd (South Derbyshire, Labour)
One measure that might improve consumer confidence is a clear definition to consumers of exactly what coverage the FSCS gave to the deposits that they made. Currently, many consumers are left in the dark about how they are protected or to what extent they are protected. Does the hon. Gentleman agree that there should be an obligation on the provider of a product to define how the Financial Services Compensation Scheme relates to that product when the deposit is made?