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Financial Services UK

  • September 05, 2025

    Brits Prioritize Fitness Over Pension Savings, ABI Says

    Every fifth Briton prioritizes physical health now over their future financial health, according to research by Pension Attention, a national awareness campaign for pensions.

  • September 05, 2025

    CMS Taps Middle East Banking Pro From Norton Rose

    CMS Cameron McKenna Nabarro Olswang LLP has said that Nicholas Robinson has joined the firm from Norton Rose Fulbright as a partner in Dubai, a move expected to help the firm expand its service to clients.

  • September 05, 2025

    FCA Pushes LSE To Open Access To High-Speed Data Facility

    The London Stock Exchange Group said Friday that it will allow other U.K. trading venues to use the rooftop facility of its data center, after the Financial Conduct Authority raised concerns that restricting access could be hindering competition.

  • September 05, 2025

    Investment Manager Oberon Raises £1.6M, Eyes Team Boost

    Oberon said Friday that it has raised around £1.6 million ($2.2 million) through selling shares, as the investment management business looks to bring more industry professionals on board.

  • September 05, 2025

    FCA's New Redress Powers Spark Some Legal Concerns

    Government plans to reform the Financial Ombudsman Service will give the Financial Conduct Authority new powers to introduce wide-ranging consumer redress programs at its discretion, leading lawyers to warn that the regulator could become too susceptible to public pressure.

  • September 04, 2025

    Fintech Exec Proves Redundancy Was Unfair

    A London tribunal has ruled that a fintech company unfairly dismissed an executive after delays in its redundancy process meant he missed the chance to apply for an alternative role.

  • September 04, 2025

    HMRC Adds Barrister To Tax Avoidance List For First Time

    HM Revenue and Customs took the step on Thursday of naming for the first time a practicing barrister with 20 years' experience as a promoter of a scheme to avoid paying income tax and National Insurance contributions.

  • September 04, 2025

    Crane Co. Can Deduct VAT On Intragroup Payments, ECJ Says

    A Romanian crane company can claim deductions for value-added tax on intragroup payments because the services provided were genuine, the European Union's top court ruled Thursday.

  • September 04, 2025

    Ex-FCA Supervisor Says Tribunal Denied Him Fair Trial

    A former supervisor at the City watchdog argued at an appellate tribunal in London on Thursday that his unfair dismissal claim against the regulator did not receive a fair hearing, saying that a lower court had made factual errors in its judgment in the case.

  • September 04, 2025

    Top EU Court Says Pseudonymized Data Is Still Personal

    The highest court of the European Union ruled Thursday that comments submitted by shareholders and creditors of a collapsed Spanish bank during an investigation following the sale of the lender could be treated as personal data even though they had been pseudonymized.

  • September 04, 2025

    UK's AI Sector Hits Record £2.9B Investment In 2024

    Investors plugged a record £2.9 billion ($3.9 billion) into British artificial intelligence companies in 2024, the government has said, as it set out plans to help grow the U.K.'s AI assurance market.

  • September 04, 2025

    UK Set To Close Loopholes In Money Laundering Rules

    HM Treasury has released detailed draft changes to the anti-money laundering regime to close regulatory loopholes exploited by businesses in all sectors, including crypto-asset companies.

  • September 04, 2025

    Shareholders Back Apax Partners' €916M Apax Global Deal

    Investment company Apax Global Alpha Ltd. said Thursday that its shareholders have thrown their weight behind a €916.5 million ($1.1 billion) takeover deal put forward by Apax Partners LLP, a private equity firm that it works with.

  • September 03, 2025

    Eversheds Adds New Partners From Latham And A&O

    Eversheds Sutherland said Wednesday that it has hired three new partners from A&O Shearman, Latham and the former owner of discount retailer Poundland, strengthening its corporate and commercial practices.

  • September 03, 2025

    4 Firms Steer $2.7B Sale Of Aon's NFP Wealth Biz

    Aon said Wednesday it has agreed to sell various business units that make up the majority of NFP's wealth management operations to private equity firm Madison Dearborn Partners in a transaction worth $2.7 billion, with Skadden, Dentons, Paul Weiss and Kirkland representing the parties.

  • September 03, 2025

    Charity Regulator Probes Alleged Funds Misuse At Food Bank

    The U.K.'s charity regulator said on Wednesday that it has launched an inquiry into a food bank in Merseyside over allegations of misuse of funds after a major donor stopped donations.

  • September 03, 2025

    UK Autumn Budget Set For November, Reeves Confirms

    The U.K. government will announce its autumn budget in November, Chancellor of the Exchequer Rachel Reeves said Wednesday amid growing speculation that the government will raise taxes to cover the rising cost of borrowing.

  • September 03, 2025

    Investors Lose Bid For Pension Orders In AI Bike Fraud Case

    Investors seeking to enforce a fraud judgment against the founders of an AI-driven exercise bike company suffered a setback Wednesday, when a London judge declined to finalize interim debt orders against the founders' pensions.

  • September 03, 2025

    EU Trade Body Wants Relaxed Bank Rules For Consolidation

     A trade body for European financial institutions has called for widespread reform of rules on capital, ring-fencing and crisis resolution for banks, steps it claims would boost competitiveness and industry consolidation.

  • September 03, 2025

    Council Loses Bid To Recover £20M Pension Investment Loss

    An English council on Wednesday lost its bid to wind up a failed Luxembourg-based fund to recover a £20 million ($27 million) pension investment, with a London appeals court ruling the entity was not a company for the purposes of insolvency legislation.

  • September 03, 2025

    Insurer Aviva Halts £60M Of Fraudulent Insurance Claims

    Insurance giant Aviva said Wednesday it prevented over £60 million ($80.6 million) worth of fraudulent claims in the first six months of the year.

  • September 03, 2025

    Aegon Nets €700M From Dutch Insurer Share Sale

    Global financial services company Aegon said on Wednesday that it has lowered its stake in Dutch insurer ASR Nederland NV by selling its shares and has raised €700 million ($815 million) in the process.

  • September 03, 2025

    Revolut Fined In Australia For Late AML Reports

    Australia has fined the local subsidiary of Revolut 187,800 Australian dollars ($123,000) after the British financial technology company breached the country's anti-money laundering rules when it submitted late reports.

  • September 02, 2025

    Davis Polk-Led Klarna Seeks $1.3B In Revived IPO Plans

    Swedish financial technology startup Klarna, advised by Davis Polk & Wardwell LLP, announced Tuesday the buy-now, pay-later business is resuming its initial public offering plans, months after those plans were paused amid backlash to U.S. President Donald Trump's "Liberation Day" tariffs announcement in April, saying the company is looking to raise up to $1.27 billion.

  • September 02, 2025

    Hotel Liquidators Claim Debtor Hid Shares To Evade Creditors

    The liquidators of a hotel company are asking the High Court to find that property mogul Andrew Ruhan has concocted a "secret relationship" with a junior employee to put his assets out of reach of creditors.

Expert Analysis

  • What To Know About FCA's UK Listing Rules Proposal

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    A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.

  • New UK Short Selling Rules Diverge From EU Regs

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    Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • UK Refusal Of US Extradition Request May Set New Standard

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    The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.

  • Insights On ESMA's Alternative Investment Fund Consultation

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    Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.

  • How UK Supreme Court May Assess Russia Sanctions Cases

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    In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.

  • New UK Order Offers Welcome Clarity To Crypto Staking Rules

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    The recently effective Financial Services and Markets Act 2000 Amendment Order clarifies that arrangements for qualifying crypto-asset staking do not amount to a collective investment scheme, and by addressing an issue that curtailed staking activities in the U.K., facilitates the use of that practice, says Andrew Henderson at Goodwin.

  • How EU's Anticoercion Tool May Counter New US Tariffs

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    The never-before-used anticoercion instrument could allow the European Union to respond to the imposition of U.S. tariffs, potentially effective March 12, and gives EU companies a voice in the process as it provides for consultation with economic operators at different steps throughout the procedure, say lawyers at Crowell & Moring.

  • Takeaways From BoE Progress Updates On UK Digital Pound

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    The Bank of England’s recent update on a decision concerning a digital pound indicates that there is scope for innovation in the payments landscape that can help to boost economic growth, while keeping the U.K. firmly in the global conversation on digital currency development, say lawyers at Hogan Lovells.

  • Key Themes From New PRA Supervisory Letters

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    Two recent supervisory letters from the Prudential Regulation Authority outline priorities for international banks and U.K. deposit takers for the year ahead, including the need to strengthen risk culture, manage credit risk and govern data integrity, all of which indicate that banks will face greater regulatory interest in their internal controls, say lawyers at Skadden.

  • Banker Remuneration Proposals Could Affect More Than Pay

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    The Financial Conduct Authority and Prudential Regulation Authority’s pending proposals to reduce banker remuneration restrictions bring obvious personal financial advantages for bankers, but may have repercussions that result in increased scrutiny of bonus payments and wider changes to workplace culture and overall accountability, say lawyers at Fox Williams.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

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