On 22 May 2025, the Financial Services Compensation Scheme (FSCS) published a statement from its chief executive, Martyn Beauchamp, accompanying the May 2025 Outlook.

Mr Beauchamp explains that this edition of Outlook provides an update on compensation figures and the levy for 2025/26. He also notes that:

• The FSCS will publish its Annual Report in the summer.
• The transition to its new claims service operating model has been implemented effectively and is now embedded into its day-to-day operations. 
• In January, the FSCS processed its first direct electronic payments for a deposit taker failure using our new portal, with some customers having their savings back within 24 hours of the firm entering insolvency.
• It is currently preparing its five-year strategy to 2031 and will share further details “in due course”.
• The next Outlook will be published in Autumn 2025, featuring a half-year update and a first look at 2026/27.