Try our Advanced Search for more refined results
Financial Services UK
-
September 17, 2025
Fox Williams Sues Fintech Biz For £130K Unpaid Legal Fees
Fox Williams LLP has sued a financial technology company at a London court, alleging that it refused to pay fees incurred in an employment dispute with a former employee, according to filings that are now public.
-
September 16, 2025
Merrill Lynch Proves Tribunal Claim Barred By Settlement
Merrill Lynch has persuaded a tribunal to toss a former employee's discrimination claim under a settlement he inked when he exited the company, proving that he did not sign the agreement under duress.
-
September 16, 2025
Insurer Can't Duck $6M Bond Payout Over Ghana Power Plant
A London court ordered a Ghanaian insurance company on Tuesday to pay a subsidiary of Greek industrial conglomerate Metlen almost $6.3 million for wrongly refusing to pay up under a bond the insurer claimed was obtained by fraud.
-
September 16, 2025
Pension Pot Withdrawals Surged Nearly 36%, FCA Says
Savers in Britain withdrew £70.9 million ($96.8 million) from their pension pots in the financial year that ended in March, data published by the Financial Conduct Authority on Tuesday shows, amid suggested concern over government plans to amend tax rules linked to retirement pots.
-
September 16, 2025
Let Banks Skip Basel Capital Rules, Trade Body Urges BoE
The Association for Financial Markets in Europe has said that the Bank of England's regulatory arm should allow U.K. finance firms to temporarily opt out of some changes to Basel capital requirements to avoid uncertainty about compliance and risks to competitiveness.
-
September 16, 2025
Conister Bank To Work With Fintech Biz On Overdraft Product
Conister Bank said Tuesday that it will work with financial technology company Fiinu to introduce an overdraft product in the U.K. using open banking rules.
-
September 16, 2025
State Pension Could Breach Tax Threshold In 2027
British pensioners will be forced to pay income tax on state pension benefits from 2027 unless minimum earnings thresholds are lifted, experts said Tuesday in response to new data.
-
September 15, 2025
Only 41% Of Boomers Say They're Ready For Retirement
Only 41% of the more than 3 million working people ages 60 to 69 in the U.K. feel prepared for retirement, Just Group said Monday.
-
September 15, 2025
Former Estate Agent Can't Stop Bank Getting Dickens Mansion
A former estate agent cannot prevent a bank from taking possession of her central London mansion that was once home to Charles Dickens after a judge found on Monday that an appeal would have no prospect of success.
-
September 15, 2025
Aegon To Extend Pensions App To More Than A Million Savers
Financial services firm Aegon said Monday it wants its Mylo app for tracking pension balances and information to be available to more than a million people, saying it understands the "emotional challenges" people face with their finances.
-
September 15, 2025
Kingsley Napley Bags Private Client Pro To Head Tax Desk
Kingsley Napley LLP said Monday that it has hired Paul Davidoff to head its international tax desk as the firm deals with a surge in work connected with tax and trusts amid an exodus of high-net-worth individuals from Britain.
-
September 15, 2025
Employers Expect Budget Reform On Pension Salary Sacrifice
Nine out of 10 U.K. employers expect the government to ditch tax breaks on pension salary-sacrifice arrangements when it unveils its autumn Budget, a survey has found.
-
September 15, 2025
Watchdog Launches Program To Improve Audit Sector
Britain's accounting watchdog launched a program on Monday that it said would bring together projects that are designed to drive improvements in the audit sector.
-
September 15, 2025
Banker Sues Saudi Magnate Over £14M Shares Transfer
A Tunisian-Swiss investment banker has sued a Saudi tycoon for 53 million Saudi riyals ($14 million), alleging that the Arabian mogul unlawfully transferred shares he held as a nominee for the financier to one of his own businesses.
-
September 12, 2025
Another Investor Settles In $2.1B Danish Tax Fraud Case
A U.S. investor and two of his alleged pension plans have settled claims by Denmark's tax agency accusing them of participating in a $2.1 billion scheme that fraudulently claimed refunds on tax withheld from stock dividends, with a New York federal court dismissing the allegations.
-
September 12, 2025
Businessman Can Sue Fund In UK To Stop Luxembourg Claim
A London court ruled Friday that a businessman can sue a Luxembourg investment fund in England over allegations that he was partly responsible for the fund underselling a company by as much as £80 million ($108 million).
-
September 12, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.
-
September 12, 2025
Ex-AIG IT Pro's Claim Struck Out Over Courtroom Misconduct
A former AIG software developer on Friday had his whistleblowing claims against the insurer struck out after accusing a judge of perverting the course of justice, eating a meal during a hearing and calling a London tribunal a "circus."
-
September 12, 2025
Third Point Completes Deal To List Reinsurance Biz On LSE
Third Point Investors Ltd. said Friday that it has completed a reverse takeover of Malibu Life Reinsurance SPC under which the hedge fund will become a London-listed reinsurance company, despite opposition from a large group of shareholders.
-
September 12, 2025
Squire Patton Leads £23M Welcome Break Pension Deal
British motorway service station operator Welcome Break Group Ltd. has finalized a £23 million ($31.2 million) full-scheme buy-in of its pension plan with Just Group, the financial services company said Friday.
-
September 12, 2025
Sabadell Tells Shareholders To Reject €17.4B BBVA Takeover
Spanish lender Banco Sabadell told its shareholders on Friday to reject a €17.4 billion ($20.4 billion) hostile takeover from rival BBVA as it said that the deal is full of risk and uncertainty and undervalues the group.
-
September 11, 2025
Metro Bank Settles £24M Claim Over Coin-Counting Software
Metro Bank has settled a copyright infringement and licensing spat with software company Arkeyo, which had accused the bank of sharing source code for its coin-counting machines without permission.
-
September 11, 2025
FCA Official Outlines Risk-Based Approach To Financial Crime
Fighting financial crime isn't a barrier to growth but a prerequisite for economic investment, a senior official at the Financial Conduct Authority said on Thursday, as he outlined plans to take a "risk-based" approach to cracking down on fraud.
-
September 11, 2025
Pensions Managers Urged To Boost Standards For Savers
Pensions administrators must invest more to modernize their data systems and trustees should play a stronger role in raising standards to help the sector make improvements, the retirement savings watchdog warned on Thursday.
-
September 11, 2025
BlackRock, Pictet Back Swiss Marketplace's $1.3B IPO
Online marketplace owner SMG said on Thursday that it expects to raise up to approximately 1.04 billion Swiss francs ($1.3 billion) in its initial public offering scheduled to take place on the SIX Swiss Exchange on Sept. 19.
Expert Analysis
-
Mansion House Speech Heralds New Financial Regulatory Era
The chancellor of the exchequer's recent Mansion House speech introduced a sweeping commitment to modernize regulation, which will require U.K. retail banks and building societies to revisit core assumptions, and allow lawyers to play a key role in shaping the new rules, say lawyers at Addleshaw Goddard.
-
Challenges For Managers In Navigating Continuation Funds
With continuation vehicles becoming an increasingly popular alternative to traditional private equity investment exit routes, managers and lenders should be confident that they understand a transaction’s structure and how it interacts with existing debt arrangements, says Jason Larkins at Travers Smith.
-
Key Points From EU Proposals To Ease Securitization Rules
The European Commission’s recently proposed securitization framework amendments aim to relax existing rules, such as by reducing due diligence requirements and removing the need for investors to conduct certain prescribed compliance verifications by sponsors or original lenders, say lawyers at McDermott.
-
High Court Elects Substance Over Form In Arbitration Dispute
The High Court recently found that an arbitral tribunal has jurisdiction over the dispute in Ras Al Khaimah Investment Authority v. India, underscoring the importance of aligning treaty interpretation with the goal of fostering investment, while rejecting interpretations that unduly limit investor protections, says Josep Galvez at 4-5 Gray's Inn.
-
What New UK Stub Equity Rules Will Mean For PE Bidders
The U.K. Takeover Panel’s recent guide to making stub equity offers, for the first time formally harmonizing the approach to be taken, should be helpful for both private equity bidders and practitioners, and not unduly restrictive, say lawyers at Davis Polk.
-
What To Expect As FCA Preps To Launch AI Testing Service
The Financial Conduct Authority’s forthcoming artificial intelligence live testing service will provide participants with access to appropriate regulatory expertise, but to gauge the tool’s potential utility, it is important to understand how it fits in with what the regulator is already doing, says Omar Salem at Fox Williams.
-
New Interpol Silver Notice Could Be Tool For Justice Or Abuse
Interpol has issued dozens of Silver Notices to trace and recover assets linked to criminal activity since January, and though the tool may disrupt organized crime and terrorist financing, attorneys must protect against the potential for corrupt misuse, say attorneys at Clark Hill and Arktouros.
-
Weighing PE Transaction Risks As EU AI Act Rolls Out
As the European Union Artificial Intelligence Act becomes effective in stages, legal practitioners involved in private equity deals should consider the transactional risks resulting from this measure, including penalties, extraterritorial reach and target-firm applicability, say lawyers at Covington.
-
EU Banking Watchdog Regulations Herald New AML Era
The European Banking Authority’s forthcoming anti-money laundering package will set a framework for compliance across the European Union by redefining the rules of engagement between financial institutions and supervisors, setting a new standard for transparency and accountability, say lawyers at A&O Shearman.
-
What To Expect As UK, US Gov'ts Develop Stablecoin Policies
While the U.K. and U.S. governments’ policies both suggest that fiat-backed stablecoins can improve efficiency and safety in payments systems, a perception that crypto-assets remain high risk means consumers are unlikely to use them in significant volume anytime soon, say lawyers at Cadwalader.
-
What Insurers Can Do To Prepare For PRA 'Solvent Exit' Rules
With less than a year until the Prudential Regulation Authority's new solvent exit rules for insurers come into force, it is critical that firms prepare to meet the imminent deadline by outlining an execution plan and establishing clear governance arrangements, say lawyers at Holman Fenwick.
-
Decoding Arbitral Disputes: UK Injunctions Across Borders
A recent High Court of Justice decision allowing JPMorgan Chase Bank to block VTB Bank from bringing suit in a Russian court provides a seminal reflection on the power of English courts to issue antisuit injunctions when global banking disputes increasingly straddle multiple jurisdictions, says Josep Galvez of 4-5 Gray's Inn.
-
Identifying Data Center Investment Challenges, Opportunities
The role of data centers is expanding, as are new opportunities for private capital investors, but there are issues to consider, including finance models and contract complexity, as well as power supply, cyber threat resilience and data sovereignty, say lawyers at Ropes & Gray.
-
What EU Bank Regulator's Letter Means For Crypto Providers
A recent letter from the European Banking Authority notes a need to avoid dual authorization for e-money token transactions under European Union payment services and cryptocurrency regulations, which could result in a high regulatory burden for crypto-asset service providers and leaves open questions for future political negotiations, say lawyers at Morgan Lewis.
-
How Regulators Want Online Platforms To Fight Finance Fraud
Recent statements from the International Organization of Securities Commissions and the European Securities and Markets Authority make clear that online platform providers are expected to adopt proactive measures to prevent the promotion of unauthorized financial services and related misconduct, say lawyers at Taylor Wessing.