Question follow-through · 99802

Financial Services: Compensation

To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of the (a) Financial Conduct Authority and (b) Financial Ombudsman Service’s recent changes to compensatory interest.

answeredTreasury

About this written question

A written question asks a government minister for information in writing. Parliament publishes the question and any answer.

Answering body
Treasury
Tabled
15 Dec 2025
Target answer date
17 Dec 2025
Answer
22 Dec 2025 · 7 calendar days after tabling

Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.

More questions by this MP on Economy and business

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Recorded timeline

  1. 15 Dec 2025

    Question tabled

    To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of the (a) Financial Conduct Authority and (b) Financial Ombudsman Service’s recent changes to compensatory interest.

  2. 17 Dec 2025

    Target answer date

    Date supplied by the official written-questions record.

  3. 22 Dec 2025

    Answer published

    The Financial Ombudsman Service (FOS) is responsible for setting the interest rate it applies to awards. Following consultation, the FOS has confirmed that it will change the interest rate that it applies to some compensation awards, moving from the curre...

Open official record

Official data retrieved 28 Sept 2026.

Later records

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Unreviewed candidateSame MP and department; topic relationship is unreviewed

Post Offices: Business Rates

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