2026 is a year of change for the JRA as we take on additional functions relating to the Jersey Bank Depositors Compensation Scheme (JDCS) from the Jersey Bank Depositors Compensation Board (JDCS Board).

Accordingly, we have updated our Strategic Framework to reflect our expanded functions and to set out our key priorities for 2026. This represents an interim update as we are due to update our strategy during 2026 for the years ahead. Our Interim Strategy Update and 2026 Key Priorities is available on our home page and linked below.

Interim Strategy Update and 2026 Key Priorities

Additionally, we have issued our 2026 Funding Paper, setting out our budget and proposed annual administration levy for 2026.

In light of our expanded functions, our annual recurring costs will increase significantly. However, when compared to the combined costs of the JRA and the JDCS board in 2025, our 2026 budgeted costs are lower.

JRA 2026 Funding Paper

We welcome comments on the funding paper from interested parties and ask for these before 31 January 2026. Feedback can be sent directly to Martin Edwards, Head of the JRA via email (m.edwards@jra.org.je) or anonymously via email to Timothy Hart at Jersey Finance: timothy.hart@jerseyfinance.com