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PRA publishes 2025/26 fees

The PRA has published details of its fees for 2025/26.

The Total Funding Requirement (TFR) will be £350.2m, 0.8% lower than the 2024/25 TFR of £353m.

The Annual Funding Requirement (AFR) for 2025/26 is £336.4m, up £5.1m from 2024/25 AFR of £331.3 million, and £7.7m higher than that proposed due to the PRA receiving an increased allocation of the BoE’s wider investment portfolio and central support costs, partially offset by a decrease in the pensions provision.

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