Regulatory Updates

Financial Ombudsman Service publishes its 2025/26 Plans and Budget

3 Apr 2025 - In The News

The FOS has set itself ambitious targets to address significant demand and to improve the efficiency of its case resolution processes, as part of its Plans and Budget 2025-26, according to plans for the year ahead. FOS expects to resolve 270,000 cases –…

Read More

HM Treasury unveils action plan to cut the cost of regulation for businesses

17 Mar 2025 - In The News

The Chancellor of the Exchequer, Rachel Reeves, has met senior figures from a wide range of UK regulators to outline plans to cut the administrative cost of regulation on businesses by 25%. The FCA and the PRA were both represented at the meeting. The plans…

Read More

FCA publishes observations and insights on building operational resilience

7 Mar 2025 - In The News

The FCA published PS21/3 Building operational resilience in March 2021. The Policy Statement set out the final rules and guidance on the FCA’s new requirements to strengthen operational resilience in the financial services sector. The firms affected by the…

Read More

FCA publishes Consumer Support outcome report

7 Mar 2025 - In The News

This review report sets out the findings of an FCA review of firms’ approaches to the Consumer Support outcome of the Consumer Duty. The FCA wants firms to provide a level of support that meets customers’ needs throughout their relationship with the firm.…

Read More

ICS Steps Forward to Walk for WaterAid to Support International Women’s Day

7 Mar 2025 - In The News

The team at Insurance Compliance Services is pulling on their boots and has pledged to walk five kilometres or more a day for the month of March in aid of WaterAid’s Stand with Women project. The challenge has been launched to coincide with International…

Read More

FCA removes expectations for Consumer Duty Board champions

27 Feb 2025 - In The News

The FCA has updated its Consumer Duty – information for firms web page to confirm that from 27th February 2025 it no longer expects firms to have a Consumer Duty Board champion. Following The FCA CEO’s letter to the Prime Minister in January, the FCA has…

Read More
 
Share this
 
Share this