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Financial Services UK

  • July 23, 2025

    Aviva Study Identifies Gender Gap In UK Pension Engagement

    Insurance giant Aviva said Wednesday that men are more likely than women to see themselves as the pension planner in their household.

  • July 23, 2025

    Liquidators Win Bid To Enforce £102M Award Over Hotel Fraud

    A businessman will be bound by a £102 million ($138 million) damages bill after he helped a property investor swindle secret profits, Britain's highest court ruled on Wednesday, rejecting his argument that the scheme had not caused financial harm to the defrauded company.

  • July 23, 2025

    Top UK Court Overturns Traders' Rate-Rigging Convictions

    Britain's highest court quashed on Wednesday the convictions of two former traders imprisoned for interest rate rigging in a landmark decision that could open the door for upending historic prosecutions.

  • July 22, 2025

    Ex-Soldier Ran £1.3M Investment Ponzi Fraud, Jurors Told

    A former British Army rifleman ran a Ponzi investment fraud which raised £1.3 million ($1.7 million) from 238 investors before collapsing, the U.K.'s financial regulator said at the beginning of a London criminal trial Tuesday.

  • July 22, 2025

    VTB Sues Investment Biz In Sanctions Dispute Over Trades

    VTB Capital PLC has sued an investment firm for $3.4 million over unsettled trades of Russian securities, arguing that the other company did not have the right to terminate the trades due to sanctions imposed after the invasion of Ukraine.

  • July 22, 2025

    JMW Guides £4M Pension Deal For Church Scheme

    Pension insurer Just Group has taken on £4 million ($5.4 million) worth of retirement savings liabilities from a scheme linked to a Christian church, in a deal put together by pensions consultancy K3 Advisory and guided by law firm JMW Solicitors.

  • July 22, 2025

    Russian Magnate's Bankruptcy Trustee Can't Stop Share Move

    The bankruptcy trustee of the founder of a Russian bank on Monday lost his bid to halt the release of shares to companies alleged to be owned by the businessman, with a London court ruling that they should not be withheld.

  • July 22, 2025

    BoE Chief Vows To Speak Up If Deregulation Goes Too Far

    Andrew Bailey told a cross-party group of lawmakers Tuesday that he would speak out if the Treasury tries too hard to deregulate the financial services industry, adding that bank ring-fencing must remain in place.

  • July 22, 2025

    Apax Partners To Pay €916M For Apax Global Alpha

    British private equity firm Apax Partners LLP has agreed to acquire a company it collaborates with, Apax Global Alpha Ltd., for €916.5 million ($1.07 billion), as it eyes the investment company's roster of assets.

  • July 22, 2025

    Gov't Sets Out Plan To Include Pensions In Inheritance Tax

    The government has confirmed that it is pushing ahead with plans to apply inheritance tax to wealth transferred through pensions in a move that experts say marks a "seismic" change for the sector.

  • July 22, 2025

    NCA Calls For Crypto-Data Sharing In £100B AML Battle

    The National Crime Agency has called for financial services companies to share data with law enforcers to improve identification of illicit cryptocurrency activity as it seeks to combat the estimated £100 billion ($135 billion) laundered in the country every year.

  • July 21, 2025

    FCA Trims Mortgage Rules To Boost Homeownership Access

    The Financial Conduct Authority published rule changes for lenders on Monday that make it easier to discuss mortgages with clients and to reduce the repayment period or remortgage.

  • July 21, 2025

    Family Claims Bad Tax Advice Led To Costly HMRC Bills

    The trustees of family trusts accused a U.K. accounting firm of giving them negligent advice that led to unexpected inheritance taxes and penalties owed to HM Revenue & Customs, according to a claim filed in a London court.

  • July 21, 2025

    New AI Audit Standard Aims To Tame 'Wild West' Market

    The British Standards Institution on Monday unveiled what it called the world's first standard for companies independently auditing artificial intelligence systems amid concern over a potential "wild west" of unchecked providers.

  • July 21, 2025

    Ex-Execs Sue Telecom Biz Over Alleged £8M Share Sale Loss

    Two former directors of a telecom technology company are suing their successors for over £8 million ($10.7 million), alleging they were tricked into selling their shares at a fraction of their true value.

  • July 21, 2025

    Trader Blames Deutsche Bank For Spoofing Conviction

    A former Deutsche Bank trader convicted of tricking market competitors through a "spoofing" scheme has sued the bank in a London court, alleging it trained him to use an illegal trading strategy and then "scapegoated" him when he faced prosecution.

  • July 21, 2025

    Kession Fights Liability In £1.7M Collective Investment Case

    A finance company urged the U.K.'s top court Monday to partly override a judgment that found it liable for botched property investments worth approximately £1.7 million ($2.3 million), arguing that its liability to investors should have been limited. 

  • July 21, 2025

    Gov't Misses Chance To Go Big With New Pensions Body

    The government launched a once-in-a-generation review of retirement savings on Monday, but experts warned that the new Pension Commission is a missed opportunity to take a no-holds-barred approach to tackle the savings crisis.  

  • July 21, 2025

    Petershill Partners Sells Stake In US PE Firm For $561M

    Investment firm Petershill Partners PLC has sold its entire stake in private equity firm Harvest Partners for $561 million after seven years of collaboration, continuing its pattern of exiting investments in investment firms.

  • July 21, 2025

    Investors Poised To Buy Risky Funds Amid Gov't ISA Reforms

    Most investors are ready to invest in hard-to-sell assets including private equity through long-term asset funds after the government said they will be included in tax-free individual savings accounts from 2026, a trade body said Monday.

  • July 21, 2025

    Audit Watchdog Publishes Revised Pension Standard Rules

    Britain's accounting watchdog has published a finalized set of actuarial rules for the retirement savings sector in light of recently introduced changes to pension funding and plans to use surplus money tied up in savings schemes.

  • July 21, 2025

    IFX Weighs Ending £3M Argentex Bid After Administration

    Foreign exchange provider IFX Payments said Monday that it might end its interest in the acquisition of Argentex Group PLC after the troubled currency risk manager disclosed that it intends to appoint administrators.

  • July 21, 2025

    Gov't Revives Pensions Commission To Tackle Savings Crisis

    The government said on Monday that it will restore the Tony Blair-era Pensions Commission to probe why future retirees are likely to be poorer than today's pensioners, amid growing fears that millions of Britons will not have saved enough money for later life.

  • July 18, 2025

    EU Agrees To Hit Russian Banking Harder With New Sanctions

    The European Union agreed Friday to new sanctions against Russia hitting the banking sector harder as part of a broader package.

  • July 18, 2025

    Fintech Blocks JPMorgan's €917M Greek Case In JV Dispute

    A London judge granted a fintech company an injunction on Friday that prevents J.P. Morgan from pursuing its directors in Greece, finding that the litigation in Athens breached a shareholder agreement.

Expert Analysis

  • What To Note As UK Adopts OECD Crypto Disclosure Rules

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    With the U.K.’s recent announcement that it will adopt the Organization for Economic Cooperation and Development's crypto-asset reporting framework, users and providers will benefit from understanding the context surrounding the decision and the framework's intended goal of clamping down on tax evasion, say lawyers at Brown Rudnick.

  • Comparing Stablecoin Bills From UK, EU, US And Hong Kong

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    For multinational stablecoin issuers, navigating the differences and similarities among regimes in the U.K., EU, Hong Kong and U.S., which are currently unfolding in several key ways, is critical to achieving scalable, compliant operations, say attorneys at Morgan Lewis.

  • How UK Law Firms Can Counter Money Laundering Threat

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    With figures released in May showing that money laundering was the biggest source of fraud in the U.K. last year, law firms should focus on internal identification and prevention strategies, considering the scale and nature of potential risk exposure depends on several business factors, says Niall Hearty at Rahman Ravelli.

  • Key Takeaways As EU And UK Impose New Russia Sanctions

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    The European Union and U.K.’s new sanctions on Russia, designating increasing numbers of non-Russian companies in the defense and shipping sectors, mean that organizations must examine from the outset whether a transaction has any nexus with the EU or the U.K., say lawyers at Sullivan & Cromwell.

  • Pension Schemes Bill's Most Notable, Controversial Measures

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    The long-awaited Pension Schemes Bill recently introduced to Parliament creates a framework for harnessing money saved in U.K. workplace pension funds to grow the country’s economy, but provisions relating to local government pension scheme investment, and scale and asset allocation, are controversial, says Claire Dimmock at Squire Patton.

  • What New FCA Private Stock Market System Could Offer Cos.

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    While the Financial Conduct Authority’s new secondary private stock market system will bring more control and less ongoing regulatory compliance than a public market, but because the regime grants a significant degree of flexibility to operators it may be some time before a full operational picture emerges, says Iain Wright at Morgan Lewis.

  • Fraud Office Guidance Highlights Value Of Self-Reporting

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    New guidance from the U.K.'s Serious Fraud Office on corporate self-reporting, cooperation and deferred prosecution agreements provides a useful framework for companies navigating criminal investigations and their potential resolutions — and underscores that corporations that self-report are in a better position to obtain DPAs than those that do not, say lawyers at Skadden.

  • Open Questions As FCA Prepares Buy Now, Pay Later Rules

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    HM Treasury’s recent response to its consultation on buy now, pay later lending regulation is clear on policy, but with rules still to be set by the Financial Conduct Authority it is difficult for firms to plan for change, and they should take advantage now of the opportunity to liaise with the regulator, say lawyers at Hogan Lovells.

  • What End of Payment Systems Regulator Means For Biz

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    The U.K. government’s plan to abolish the Payment Systems Regulator and absorb its functions into the Financial Conduct Authority should eventually lighten the compliance burden for businesses under the PSR’s remit, which may in turn encourage growth, but the proposed changes will roll out slowly, say lawyers at Farrer & Co.

  • Compliance Lessons From Art Dealer's Terror Financing Plea

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    Regulated businesses can learn from the missteps of a recently convicted London art dealer, who failed to disclose sales to a suspected Hezbollah financier, by implementing compliance measures like anti-terrorism financing screenings as robust as their anti-money laundering policies and training staff to spot red flags, say lawyers at White & Case.

  • UK Securities Tax Reform Will Be Welcomed By Investors

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    The proposed reforms resulting from HM Revenue & Customs' recent consultation on modernizing stamp taxes on shares, suggesting a single digital tax on securities to replace stamp duty and stamp duty reserve tax, are expected to reduce complexity for investors transacting in U.K. securities, say lawyers at Ropes & Gray.

  • UK Capital Reforms May Help Startup Founders, VC Investors

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    Hidden in the U.K. Financial Conduct Authority's recent proposals on the definition of capital for investment firms are changes to the eligibility requirements for instruments to be included in a firm's regulatory capital — changes that may reduce the risk of investing, especially in early-stage fintech firms, says Andrew Henderson at Goodwin.

  • EU Watchdog's ESG Dashboard Raises Transparency Bar

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    The European Banking Authority’s recently introduced ESG dashboard is a key tool in aligning financial institutions with the European Union's sustainability policies, and fundamentally alters the risk environment by transitioning climate-related data from a compliance afterthought to a core component of strategic decision-making, says Kristýna Tupá at Schönherr.

  • What To Note As HM Treasury, FCA Plan New Crypto Regs

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    Taken together, HM Treasury’s recently proposed crypto-asset regulations and the Financial Conduct Authority’s new discussion paper on regulating crypto-asset activities provide key insights into the government's planned regime, which represents significant changes that will affect all firms providing related services, says Mark Chalmers at Davis Polk.

  • Tools For Effective Asset Tracking In Offshore Jurisdictions

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    In light of a technology company's recent allegations that its former CEO maintained an undisclosed interest in offshore companies, practitioners may want to refresh their knowledge of the tool kit available for tracing and recovering allegedly misappropriated assets from both onshore and offshore jurisdictions, say lawyers at Walkers Global.

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