Ƶ

Financial Services UK

  • August 26, 2025

    Pension Funds Join £3B Funding For Infrastructure Project

    A coalition of U.K. pension funds has backed a £3 billion ($4 billion) funding package for a major utilities project in northwest England following a government-led initiative to get the sector to invest more in the economy.

  • August 26, 2025

    UK Savers Mull Crypto-Investment For Retirement, Aviva Says

    More than a quarter of British savers would consider investing in cryptocurrency as part of their retirement planning, insurance giant Aviva said Tuesday.

  • August 26, 2025

    LSE Wins Green Light To Be Private Stock Market Operator

    The Financial Conduct Authority said Tuesday that it has approved the London Stock Exchange Group PLC as a regulated operator of a market to trade shares in private companies, as the U.K. seeks to provide investors with an alternative to an initial public offering.

  • August 26, 2025

    Squire Patton Guides Textiles Co. On £11M Pension Deal

    The pension plan of bedding manufacturer John Cotton Group Ltd. has agreed an £11 million ($15 million) full-scheme buy-in with Just Group, the financial services company said on Tuesday.

  • August 22, 2025

    HMRC Tightens Pension Tax Relief Claims By Higher Earners

    The U.K. is restricting pension tax relief claims for higher earners in a change coming into effect next month, Britain's tax authority said.

  • August 22, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen football manager Bruno Lage sue the owner of Olympique Lyonnais and Botafogo football clubs, luxury fashion brand Christian Dior Couture target a jewelry business trading under the same name, and a Russian motorsports promoter take action against Formula One after it canceled its Russian Grand Prix in 2022.

  • August 22, 2025

    Pension Body Opposes UK Gov't Plan For Mandated Investing

    The government must drop its plan to introduce a "reserve power" that will allow it to force pension funds into making U.K. investments, a trade body said Friday.

  • August 22, 2025

    UK State Pension Could Rise 4.6% Under Triple Lock Pledge

    The state pension could rise by £551 ($746) a year for Britons in 2026 under the so-called triple lock, piling additional costs on taxpayers, a consultancy warned on Friday. 

  • August 22, 2025

    FCA Revises Controls After Poor Oversight Of Payments Firm

    The Financial Conduct Authority said it has changed its internal systems and controls and is introducing new rules for the payments sector, after the Complaints Commissioner found it failed to properly regulate a collapsing payments firm.

  • August 22, 2025

    Insurers Face Rising Tide Of Claims From AI-Driven Fraud

    Insurers in Britain could be on the hook for far higher losses because of the rising use by criminals of artificial intelligence tools to invent or inflate claims, lawyers have warned.

  • August 21, 2025

    UK Hits Crypto Exchanges That Help Russia Evade Sanctions

    The U.K. is cracking down on financial networks used by Russia to soften the blow of sanctions, including cryptocurrency exchanges, just a week after the U.S. took the same action.

  • August 21, 2025

    BoE Says No Urgent Need To Raise £85K APP Fraud Limit

    The Bank of England called Thursday to keep the £85,000 ($114,000) limit for compulsory reimbursement of victims of authorized push payment fraud in payments made through the CHAPS settlements system at a time it is under review.

  • August 21, 2025

    Mediobanca Shareholders Reject €6.3B Banca Generali Deal

    Italian investment bank Mediobanca SpA said Thursday that its shareholders rejected its planned €6.3 billion ($7.3 billion) bid for wealth manager Banca Generali SpA, a move that now opens it up to a hostile takeover from rival Monte dei Paschi.

  • August 21, 2025

    FCA Warns Firms Of Failings In Algorithmic Trading Controls

    The Financial Conduct Authority said Thursday that trading companies need to address deficiencies in algorithmic trading controls, noting poor record keeping with compliance staff lacking oversight of controls.

  • August 21, 2025

    Aegon Boosts Buyback To €400M, Weighs Moving Base To US

    Aegon NV said Thursday it is doubling its current €200 million ($233 million) share repurchase program to €400 million as the pensions and insurance specialist begins a review of plans to shift its head office to the U.S.

  • August 21, 2025

    Casino Biz Handed £1M Fine For Money Laundering Failures

    The Gambling Commission said on Thursday that it has fined an online casino £1 million ($1.35 million) for failing to carry out appropriate assessments of money laundering and terrorist financing risk

  • August 21, 2025

    Appointed Reps Reform Gives FCA Bigger Enforcement Hook

    The U.K. government's plans to tighten the rules for appointed representatives will give the Financial Conduct Authority a far greater enforcement hook, making the regime costlier and harder to access by the companies it is designed to support, lawyers have warned.

  • August 20, 2025

    Ex-Chelsea Soccer Player Ordered To Pay £466K To HMRC

    A former soccer player turned ESPN pundit must pay back nearly £466,000 ($628,300) in taxes on film company investments to HM Revenue & Customs, a London tribunal ruled.

  • August 20, 2025

    E-Commerce Platform Accuses Nuvei Of Withholding $1.6M

    An e-commerce platform has alleged that a Canadian financial technology company is wrongly withholding €1.3 million ($1.5 million) and 20.9 million Japanese Yen ($140,000) it is owed from customer purchases.

  • August 20, 2025

    Fewer Pension Plans Granting Inflation-Driven Increases

    Fewer U.K. pension plans are giving their members discretionary increases in retirement payments, with inflation lower and changes anticipated in how surpluses will be used, Aon PLC said Wednesday.

  • August 20, 2025

    EU Finance Watchdog, EEA Sign Sustainability Agreement

    The financial markets watchdog of the European Union said Wednesday that it has entered into an agreement with the European Environment Agency to strengthen cooperation in sustainable finance and enhance regulation across member states.

  • August 20, 2025

    Eversheds, LCP Guide £700M Pension Deal For Engineer ABB

    The British subsidiary of global electrical engineering giant ABB Group has agreed a full-scheme pension program buy-in worth £700 million ($945 million) with Aviva PLC, the insurer said Wednesday.

  • August 19, 2025

    Fund Sues Trader For £10M Over Sold Shipping Investments

    A Cayman Islands investment fund has alleged that a trading platform owes it at least £10 million ($14 million) for selling off its investments in shipping industry contracts.

  • August 19, 2025

    Athora, Brookfield Deals May Spur UK Pension Risk Appetite

    A wave of consolidation among life insurers may mean deeper pockets to meet demand in the pension risk transfer market, a broker said Tuesday.

  • August 19, 2025

    Aviva Backs AI Broker's Bid To Tackle Underinsurance

    A company that says it is Britain's first artificial intelligence-based insurance broker has said it has raised almost £1 million ($1.28 million) from investors including Aviva and a venture capital firm in a preliminary funding round.

Expert Analysis

  • What To Know About The UK Overseas Funds Regime

    Author Photo

    The U.K.’s overseas funds regime is now open for applications, providing a simplified way of offering a foreign fund to U.K. retail investors, and the Financial Conduct Authority's clear policy statement on implementation should ease the transition process from the existing scheme, say lawyers at Dechert.

  • Takeaways From SRA Consumer Protection Review

    Author Photo

    While the Solicitors Regulation Authority prepares to announce its findings later this year following its consumer protection consultation, the topic of handling client funds is very much alive in the legal industry, with polarizing views on what should happen as a result of the review, says Claire Van Der Zant at Shieldpay.

  • Reflecting On 12 Months Of The EU Foreign Subsidy Regime

    Author Photo

    New European Commission guidance, addressing procedural questions and finally providing clarity on “distortion” in merger control and public procurement, offers an opportunity to reflect on the year since foreign subsidy notification obligations were introduced, say lawyers at Fried Frank.

  • What Updated Guide Means For Jersey's Private Funds

    Author Photo

    The Jersey Financial Services Commission's recent updates to the Jersey Private Fund Guide clarify existing provisions and introduce new requirements for fund managers, service providers and investors, demonstrating a clear commitment to maintaining Jersey's reputation as an attractive jurisdiction for investment, say lawyers at Walkers Global.

  • The Road Ahead For Tokenized Investment Funds In The UK

    Author Photo

    With an HM Treasury working group expected to release the final phase of a road map for tokenized investment funds by the end of the year, Andrew Tsang and Tom Bacon at BCLP discuss the advantages for investors and fund administrators, the proposed model for implementation, and what the regulatory landscape may look like.

  • Review Of EU Cross-Border Merger Regs' Impact On Irish Cos.

    Author Photo

    Looking back on the year since the European Union Mobility Directive was transposed into Irish law, enabling Irish and European Economic Area limited liability companies to participate in cross-border deals, it is clear that restructuring options available to Irish companies with EU operations have significantly expanded, say lawyers at Matheson.

  • A Look At UK, EU And US Cartel Enforcement Trends

    Author Photo

    The European Union, U.K. and U.S. competition agencies' recently issued joint statement on competition risks in generative artificial intelligence demonstrates increased cross-border collaboration on cartel investigations, meaning companies facing investigations in one jurisdiction should anticipate related investigations in other jurisdictions, say lawyers at Latham & Watkins.

  • Testing The Limits Of English Courts' Pro-Arbitration Stance

    Author Photo

    Although the Court of Appeal recently upheld a $64 million arbitration award in Eternity Sky v. Zhang, the judgment offers rare insight into when the English courts’ general inclination to enforce arbitral awards may be outweighed by competing policy interests such as consumer rights, say Declan Gallivan and Peter Morton at K&L Gates.

  • What Green Claims Directive Proposal Means For Businesses

    Author Photo

    With the European Union’s recent adoption of a general approach to the proposed Green Claims Directive, which will regulate certain environmental claims and likely be finalized next year, companies keen to publicize their green credentials have even more reason to tread carefully, say Marcus Navin-Jones and Juge Gregg at Crowell & Moring.

  • £43M Legal Bill Case Shows Courts' View On Exchange Rates

    Author Photo

    A recent Court of Appeal decision declined to change the currency used for payment of the Nigerian government's legal bill, aligning with British courts' consensus that they should not be concerned with how fluctuating exchange rates might benefit one party over another, says Francis Kendall at Kain Knight.

  • Examining The EU's New Payments Services Package

    Author Photo

    Following recent European Parliament elections, the spotlight is turning to the highly anticipated payments services package expected in September, marking a pivotal moment in the legislative process that will reshape the payment services ecosystem in the European Union, says Kristýna Tupá and Karolína Hlavinková at Schoenherr.

  • Examining The State Of Paccar Fixes After General Election

    Author Photo

    Following the U.K. Supreme Court's Paccar decision last year, which made many litigation funding agreements for opt-out collective actions in the Competition Appeal Tribunal unenforceable, the judiciary will likely take charge in implementing any fixes — but the general election has created uncertainty, says Ben Knowles at Clyde & Co.

  • EU Reports Signal Greenwashing Focus For Financial Sector

    Author Photo

    Reports from the European Supervisory Authorities on enforcement of sustainability information, plus related guidance issued by the European Securities and Markets Authority, represent a fundamental change in how businesses must operate to maintain integrity and public trust, say Amilcare Sada and Matteo Fanton at A&O Shearman.

  • Opinion

    Without Change, Fighting Fraud Is A Losing Battle For The UK

    Author Photo

    To successfully fight fraud cases in the U.K. — like the Russian Coms scam recently shut down by the National Crime Agency — it is clear there needs to be significant investment in recruiting and training expert investigators, and meaningful engagement between the country’s intelligence platforms, says Anthony Hanratty at Howard Kennedy.

  • Embedding Consumer Duty: 6 Areas Firms Should Prioritize

    Author Photo

    The Financial Conduct Authority has repeatedly emphasized that complying with the Consumer Duty is not a tick-box exercise but an ongoing responsibility, so firms need to show that the duty is at the heart of their practices by staying compliant in areas from cultural change to customer vulnerability, say Nicola Higgs and Becky Critchley at Latham.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Financial Services UK archive.