Flight delayed / cancelled by 7 hours

[Carlos]

I bought two tickets using points + taxes with Virgin Airlines and it has just been delayed by 7 hours
The flight is not until Jan 2023, long haul to SE asia, one way

Wondering what my rights are?
Can I get a full refund / move my flight to another date (same cabin class) free of charge / get compensation for the delay/cancellation (£520)

[yonasl]

You can cancel or change the flight but no compensation.

[Carlos]

Thought so, thanks.
Never used a compensation method before, so wasnt sure of the route

[BJ]

Was this on Virgin metal to HKG or a partner to another destination? Might be worth a shot requesting a switch to a different partner?