New interest rate now applies to compensation awards
2 January 2026
A new interest rate applies to the compensation we direct financial businesses to make for cases referred to our service on and after 1 January 2026.
We will be making a number of changes to our complaint form. The changes come into effect from 1 April 2022. Financial businesses, complaints management companies and consumer organisations who keep copies of our form on file should update their records from 1 April when it will be available on our website.
We will be making a number of changes to our complaint form, which means it will look and feel different to before but most of the information we ask for is the same.
This change will come into effect from 1 April 2022 and we won’t accept our old complaint form after this date.
The changes you’ll see in the form are:
We will also be updating our online privacy notices that set out how and why we process personal information. It isn’t unusual for data controllers to update or refresh their privacy notices from time to time – since it is important that privacy notices remain accurate and up to date.
We’ll be processing the personal information of our customers on a ‘public task’ basis. This basis is mostly used by public authorities and other organisations that carry out tasks in the public interest, and simply means we’re processing data in order to carry out our official functions. As a service that’s been set up in law, we think this is an appropriate fit for most of our processing of data.
The detail about our processing of personal information is explained online in our privacy notices, we also provide online a summary of our approach in a short animation video and list of FAQs.
2 January 2026
A new interest rate applies to the compensation we direct financial businesses to make for cases referred to our service on and after 1 January 2026.
18 December 2025
With the festive season approaching, we are encouraging consumers to take a few practical steps to protect their finances.
11 December 2025
Today we have published our joint statement with the Financial Conduct Authority (FCA) following their new guidance on targeted support.