The PSR has published its annual plan and budget for 2025/26, highlighting its work in the coming year as it approaches consolidation with the FCA.
In the meantime, the PSR retains its remit and powers pending consultation. Its priorities include:
- Completing work on protecting users, and promoting competition and innovation;
- Progressing work to upgrade Faster Payments, and reform Pay.UK, in collaboration with the BoE; and
- Assessing other long-term retail infrastructure needs.
The budget for 2025/26 is £28m, as it was in 2024/25.