The Financial Services Compensation Scheme (FSCS), the industry-funded safety net for consumers, recovered £34m from failed firms in its 2025/2026 year and paid compensation to 14,000 people.

The FSCS has said its total industry levy payable by firms for the 2026/27 financial year will be £247m, a fall of £95m on its previously published forecasts.

The Financial Ombudsman Service expects to receive complaints related to the FCA’s new Targeted Support regime - which launches on 6 April - in the 2026/27 financial year.

The Financial Ombudsman Service (FOS) is to raise its case fees and levies for the first time in three years, according to its 2026/27 plans and budget.

FSCS chief executive Martyn Beauchamp has forecast that the Financial Services Compensation Scheme levy, paid by regulated firms, will fall in the FSCS 2026/27 funding year.

The Pension Protection Fund (PPF) decision to reduce the amount it will levy on defined benefit pension schemes from £100m to £45m, has been welcomed by the Pensions and Lifetime Savings Association (PLSA).