FCA to raise budget by 10.7%


The Financial Conduct Authority has set its annual funding requirement for 2024/25 at £755m, an increase of 10.7%.

The watchdog detailed in its Business Plan for 2024/25 that this is still subject to consultation and will be formally set in its June policy statement. The FCA committed to publishing more details on fees in April.

The latest business plan is the third in the authority’s three-year strategy launched in 2022.

We will continue our assertive supervision of high-risk principals, through our regulatory tools and appropriate enforcement action.FCA

The authority has promised to be a data-led regulator

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Government starts discount rate review

The Ministry of Justice has confirmed the start of the 2024 review of the personal injury discount rate in England and Wales with a decision due no later than 11 January 2025.

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