Saturday 7 July 2012
Still wanted - Santa for Farepak victims
Well it's only taken 5 and a half years and a public dressing-down from a high court judge to make Lloyds TSB cough up £8 million to compensate Farepak victims. Many savers with the collapsed company will still be massively out of pocket and so they can be forgiven for not exactly jumping up and down with joy. Also, there is still the potential for another Farepak to happen in the future, in spite of Calton's plea a few months ago. Is it because mainly poorer people use such schemes that they seem to be the Cinderella of protective legislation?
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