
The Enhancing Financial Services Bill at the 13 May 2026 King’s Speech bundles five strands: PSR absorbed into the FCA, FOS reform (a new ‘rule-compliant equals fair’ test and a 10-year absolute time limit), SMCR Phase 2, an updated ring-fencing regime and credit union expansion. Plus an FCA Regulatory Initiatives Grid sidebar and the parallel…

The FCA is reviewing how investment platforms handle bereavement after 53% of customers reported poor service. What’s in scope and what to ask for now.
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