FCA has confirmed the increase to the FOS award limits. From 1 April 2022, these will change to:
- £375,000 for complaints referred to FOS on or after 1 April 2022 about acts or omissions by firms on or after 1 April 2019;
- £170,000 for complaints referred to FOS on or after 1 April 2022 about acts or omissions by firms before 1 April 2019.