FOS: Change to compensation interest levels
The interest applied to some awards FOS directs financial service firms to make is being revised to track BoE’s base (average) rate +1%. FOS aims to introduce this change from 1 January 2026 for new complaints referred to it from that date, but will confirm plans for implementation in due course. Further details will be published in the autumn, alongside wider proposals to modernise the redress system.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allPRA: Annual Report 2025/26
PRA has published its Annual Report for the year ended 28 February 2026. It sets out details of the regulator’s work during the period. It has published accompanying reports, including the Enforcement Decision Making Committee Report – see separate news item for the other reports.
PRA: Speech by David Chaplin: A sea change in regulatory investigations and enforcement
PRA has now published David Chaplin’s speech of 24 June 2026 in which he discusses how behaviour in regulatory investigations is evolving. He notes that “we are now seeing earlier without prejudice engagement, investigation subjects volunteering structured factual accounts, and admissions being made months, and in some cases years, earlier than would previously have been typical”.
BoE: RPIB consultation on the design of the future retail payments infrastructure
This consultation approaches the overarching question of what the future core infrastructure must achieve from the perspective of future payment journeys, design principles and the role of the core infrastructure within the wider UK payments ecosystem. Responses are required by 11 September 2026.
FCA: Why stronger Buy Now Pay Later protections are the right step for consumers
This blog by Alison Walters provides an overview of the forthcoming regulation of BNPL.
FCA: Speech by Alison Walters: Shaping the future of the credit market – the road ahead
Text of Alison Walters’ speech of 25 June 2026 follows. Topics include: the Consumer Duty rule review, innovation in the consumer credit sector and the forthcoming regulation of BNPL.
For more information