PSR publishes Annual Plan and Budget 2026/27
The annual plan sets out our key aims, activities and costs for 2026/27.
Our work programme for the year ahead will embed many of the changes we set out last year. We will maintain momentum on major, long-term initiatives while responding to new challenges.
Our work will support our statutory objectives to promote:
- competition
- innovation
- the interests of the people and businesses that use payment systems
And it will help us deliver the vision we set out in January 2025:
thriving, world-leading payment systems where competition and innovation deliver accessible, convenient, secure, trusted and value for money services that meet people’s and businesses’ needs.
Our budget for 2026/27
Our budget for 2026/27 is £26 million. This is 7% less than 2025/26, reflecting efficiencies we have achieved by consolidating our operations within the FCA while maintaining our capacity to deliver our core regulatory responsibilities and complete ongoing work.
Budget Costs
| Staff costs | £9.2m |
| FCA recharges (including accommodation) | £14.9m |
| Professional fees | £1.7m |
| Other non-staff costs inc. training and events | £0.2m |
| TOTAL | £26.0m |