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TREASURY AND FSA MAKE CHANGES TO GIVE FASTER HELP TO VICTIMS OF MESOTHELIOMA

The Economic Secretary to the Treasury, Ed Balls, today announced that, following consultation, the Treasury will legislate to allow the Financial Services Authority to make changes to the Financial Services Compensation Scheme (FSCS) to help victims of mesothelioma receive more timely access to compensation.

Mesothelioma devastating disease

Ed Balls said:
"Mesothelioma is a disease that has a devastating impact on people's lives. These changes should help victims of this disease receive more timely access to compensation where the Financial Services Compensation Scheme is involved."

Under the proposed changes negligent employers and their insurers, who have paid victims of the disease, will now be able to claim a contribution from the FSCS in certain cases. This should help avoid delay in compensation being paid to claimants while the FSCS' liability is being established.

http://www.hm-treasury.gov.uk.

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