Context
The FCA has published the latest (albeit April 2026) Executives Forum Note for Record in relation to the Wider Implications Framework (WIF).
Key points to note and next actions
The only items of note were:
- Members agreed to close the cost-of-living workstream as a workstream being managed under the WIF. Members noted that this issue remains a key priority for all organisations, but that members have successfully coordinated and incorporated supporting consumers into BAU work, which they will continue to do on this strong footing.
- The recent work on modernising the redress system provided an opportunity to review how the WIF operates. WIF members presented proposals to update the WIF and the Executive Forum has agreed the new approach. More information will be shared with stakeholders in the 2025/26 WIF Annual Report.
- Members agreed the scope of the annual report, which is due to be published Summer 2026.