The Charities Aid Foundation (CAF) has written to the Chancellor, Rt Hon Alistair Darling MP, and the Financial Services Authority (FSA) requesting full protection for banked charity funds in the event that a bank fails.The letter asks for the proposal of full compensation for deposits of charity money to be included in the FSA consultation on changes to the FSCS compensation limits that will take place in the autumn.
© Charities Aid Foundation
20 August 2008