On 8 August 2025, there was published correspondence between Lord Forsyth of Drumlean (Chair, House of Lords Financial Services Regulation Committee) and Nikhil Rathi (Chief Executive of the FCA) concerning the proposed motor finance redress scheme. Among other things in Lord Forsyth’s letter it states that the Committee considers that a period which is aligned with the limitation period for bringing a claim in the courts, specified by the Supreme Court, may be more appropriate.