FCA and FOS confirm annual increase in the FOS award limit

March 31, 2026

The FCA has announced, as part of its Regulation Round-Up communication, that the award limit for complaints referred to FOS will increase from 1^st April 2026.  FOS has also published details of the award limits increases.

The award limits will increase to:

• £205,000 (from £200,000 in 2025) for complaints about acts or omissions that took place before 1^st April 2019.
• £455,000 (from £445,000 in 2025) for complaints about acts or omissions that took place on or after 1^st April 2019.

The figures are automatically adjusted annually, in line with the Consumer Prices Index (CPI).  The next adjustment will take place from 1 April 2027. See Policy Statement  PS19/8 for more information and the FCA’s rules for increasing the Financial Ombudsman’s award limits.

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