diff --git a/changelog.d/0-release-notes/team-settings-upgrade b/changelog.d/0-release-notes/team-settings-upgrade
new file mode 100644
index 0000000000..17ee61cb95
--- /dev/null
+++ b/changelog.d/0-release-notes/team-settings-upgrade
@@ -0,0 +1 @@
+Upgrade team-settings version to 4.12.1-v0.31.5-0-0167ea4
diff --git a/charts/team-settings/values.yaml b/charts/team-settings/values.yaml
index 65cd0bc57f..03da568f12 100644
--- a/charts/team-settings/values.yaml
+++ b/charts/team-settings/values.yaml
@@ -9,7 +9,7 @@ resources:
     cpu: "1"
 image:
   repository: quay.io/wire/team-settings
-  tag: "4.11.0-v0.31.1-0-9e64150"
+  tag: "4.12.1-v0.31.5-0-0167ea4"
 service:
   https:
     externalPort: 443