Regulatory News 5 November 2025

This week, the Government launched its long awaited National Financial Inclusion Strategy. The FCA has confirmed it will extend the motor finance compensation scheme consultation.

In other news, the Financial Ombudsman Service has published guidance on interest on compensation awards, along with its latest issue of Ombudsman News.

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Government
National Financial Inclusion Strategy

The Government has published its long awaited National Financial Inclusion Strategy. With regards to access to credit, steps include launching a new £30 million fund to support credit union transformation and supporting a small sum lending pilot led by Fair4All Finance to help expand access to affordable credit in England.

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Source: Gov.uk
Date: 5 November 2025

FCA News
Motor finance compensation scheme consultation progress and timing

The FCA is extending the Motor finance compensation scheme consultation deadline until 5pm on 12 December. The regulator continues to welcome and encourage responses before then.

This follows feedback from lenders and some consumer and dealer representatives – that analysis of the extensive market wide data will take time, as will ensuring everything is in place so any scheme runs smoothly.

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Source: FCA
Date: 5 November 2025

FCA Speech
Resilient futures: strengthening financial capability and inclusion for all

Nikhil Rathi, FCA Chief Executive gave a speech at the Fair4All Finance Delivering Financial Inclusion Together Conference. He said that financial inclusion and capability must go hand in hand. People need knowledge, confidence and support to make informed decisions.

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Source: FCA
Date: 5 November 2025

FOS
FOS interest on compensation awards

The FOS’ guidance on interest on compensation awards is now available on their website.

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Source: FOS
Date: 31 October 2025

FOS
Ombudsman News

In this issue, the FOS covers its latest data, which covers the complaints received about financial products and services between July and September 2025.

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Source: FOS
Date: 30 October 2025

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