FIN.

FOS limit to increase to £430,000

The FOS maximum compensation limit will increase from 1 April 2024. It will be:

  • £430,000 for claims referred to FOS on or after 1 April 2024 about acts or omissions by firms on or after 1 April 2019; and
  • £195,000 for claims referred on or after 1 April 2024 relating to things that happened before 1 April 2019

Emma Radmore