ÃÛÌÒÊÓÆµ

Financial Services UK

  • August 11, 2025

    7 Local Gov't Pension Funds To Join Border To Coast

    Border to Coast Pensions Partnership said Monday that seven local government pension scheme funds that manage approximately £45 billion ($60.5 billion) plan to join the pool, as part of the wider plan to consolidate the U.K.'s retirement pot.

  • August 11, 2025

    Gov't To Tighten Appointed Reps Regime To Stop Misconduct

    The U.K. government said Monday it will empower the Financial Conduct Authority to refuse firms permission to use appointed representatives, in a tightening of the regime to stop misconduct.

  • August 11, 2025

    Most Pension Savers Under 65 Tap Funds Early, Data Shows

    Approximately 70% of the three million savers in Britain who withdrew money from their retirement pots after government reforms in 2015 did so before they reached state pension age, a retirement specialist said Monday.

  • August 11, 2025

    Law Firm Sues NatWest Over Suspended Bank Accounts

    NatWest is facing a High Court claim brought by a London law firm which alleges that the bank suddenly suspended access to its accounts without warning and has failed to give any explanation.

  • August 11, 2025

    Fintech Biz Plus500 To Return $165M To Investors

    Trading platforms operator Plus500 unveiled plans on Monday to return $165 million to shareholders through dividends and a $90 million stock buyback program as it reported increased revenue.

  • August 11, 2025

    Addleshaw Helps PIC On £4.3B Rolls-Royce Pension Deal

    Pension Insurance Corp. PLC said Monday that it has covered £4.3 billion ($5.8 billion) of pension liabilities for British aerospace and defense giant Rolls-Royce PLC to help streamline its business operations.

  • August 08, 2025

    FCA Finds Directors Breaching Policies On Unrecorded Calls

    The Financial Conduct Authority has found in a review that wholesale banks are identifying breaches of internal policies on unmonitored communication, particularly by senior individuals.

  • August 08, 2025

    Private Sector Pension Savings Hit Record £25.5B In 2024

    Private sector employees in the U.K. contributed a record £25.5 billion ($34.3 billion) to their pension pots in 2024, a consultancy said on Friday.

  • August 08, 2025

    Chelsea Group Claims Bribery Tainted $20M Greensill Deal

    A Cyprus-based group of companies has denied owing $20.6 million to UBS' asset management unit from a supply chain finance deal with the now-defunct Greensill Capital, arguing that the deal was rescinded because it was tainted by bribery.

  • August 08, 2025

    UK Insurers Face Pressure To Offer Green Products

    Over 40% of business executives consider it very important to offer green insurance products or services, GlobalData has said in a study.

  • August 08, 2025

    FCA Woodford Ban Signals Risks Of Star Fund Managers

    The decision by the financial watchdog to provisionally fine and ban former fund manager Neil Woodford has sent a lesson to companies across the finance sector that the star status of some senior managers is up for review in the City. 

  • August 08, 2025

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

    This past week in London has seen the U.S. Securities and Exchange Commission target a British investor over a $10 million microcap fraud scheme, Merck Sharp & Dohme move against Halozyme Inc. following a recent clash over its patented cancer medicine, and Birmingham City Council sue a school minibus operator years after ending its contract over DBS check failures. Here, Law360 looks at these and other new claims in the U.K. 

  • August 08, 2025

    JPMorgan Denies Witholding €18M In VTB Sanctions Fight

    JPMorgan has hit back at a VTB Bank subsidiary's claim that the American bank withheld €17.8 million ($21 million) from a liquidated trading account, arguing that sanctions have blocked it from paying the money.

  • August 07, 2025

    Former Soldier Convicted Of Running £1.3M Ponzi Scheme

    A former British Army rifleman was convicted of running a £1.3 million ($1.7 million) Ponzi scheme in London on Thursday over allegations that he offered more than 200 investors impossibly high returns before the fund's collapse.

  • August 07, 2025

    Motor Finance Ruling Shifts Focus To Wider Broker-Fee Cases

    The recent decision by the U.K. Supreme Court to limit the payouts available to many motor finance customers over hidden fees could switch legal attention to other sectors that routinely add brokers' commissions to bills, lawyers say.

  • August 07, 2025

    Accounting Co. Faces Trial In 1st FTP Tax Evasion Case

    Accounting firm Bennett Verby Ltd. faced accusations on Thursday that it had failed to prevent tax evasion alongside six individuals charged with tax evasion and fraud offenses.

  • August 07, 2025

    IFX Ends £3M Bid For Argentex After Administration

    Foreign exchange provider IFX Payments said Thursday it has formally terminated its plans to buy Argentex Group PLC two weeks after the troubled currency risk manager entered administration.

  • August 07, 2025

    FCA Boosts Payment Safeguards To Protect Consumers' Cash

    The Financial Conduct Authority published new rules on Thursday to protect consumers better when they use payment companies, strengthening its ability to intervene when they fail to safeguard clients' money.

  • August 07, 2025

    Insurer Warns Of Pause In Pension Deals Over Gov't Reforms

    Many larger pension schemes have hit pause on plans to carry out insurance transactions while waiting on the government's plan for reforming the sector, an insurer warned Thursday, as it posted falling revenue from the first six months of the year.

  • August 07, 2025

    ABN AMRO Launches €250M Buyback After ECB Clearance

    ABN AMRO has launched a share repurchase program worth as much as €250 million ($292 million) after receiving regulatory clearance, a move expected to lower the Dutch bank's outstanding share capital.

  • August 07, 2025

    Banca Generali To Weigh €6.3B Takeover Bid By Rival Lender

    Italian lender Generali has said it still needs to evaluate a takeover offer from investment bank Mediobanca to acquire it for an estimated €6.3 billion ($7.3 billion) in a deal expected to spur consolidation in the banking industry.

  • August 06, 2025

    Greenwashing Scrutiny Grows Amid Rising ESG Demands

    The increasing significance of environmental, social and governance considerations for businesses has led to a surge in companies overstating their green credentials, according to a report from Watson Farley & Williams LLP.

  • August 06, 2025

    SEC Pursues UK Man's Assets Over $10M Stock Fraud

    The U.S. Securities and Exchange Commission has launched a legal action in England to enforce a $350,000 U.S. court judgment against a man the agency has alleged was involved in a $10 million fraudulent trans-Atlantic microcap stock trading scheme.

  • August 06, 2025

    FCA Targets Greenwashing With Simpler Climate Rules

    The Financial Conduct Authority set out plans on Wednesday to simplify sustainability reporting to help reduce greenwashing as it responded to feedback from asset managers, life insurers and pension providers that climate disclosures are too complex.

  • August 06, 2025

    Commerzbank Plans €1B Share Buyback After Record Results

    Commerzbank AG said Wednesday it is seeking approval to kick-start a share buyback of up to €1 billion ($1.15 billion), as the European lender disclosed record financial results for the first half of 2025.

Expert Analysis

  • Why NCA's 1st Seizure Of Sanctioned Funds Is Significant

    Author Photo

    The National Crime Agency’s recently secured forfeiture of a Russian oligarch's sanctioned funds was a landmark achievement, and is particularly notable because it was made under the Proceeds of Crime Act, illustrating how U.K. authorities can coordinate their respective powers to confiscate assets, says Lindsey Cullen at WilmerHale.

  • Takeaways From New FCA Rules On Research Payments

    Author Photo

    The Financial Conduct Authority’s recently published final rules on payment optionality for investment research, which involve a client disclosure obligation option, will be welcome news for U.K. managers who buy investment research from U.S. brokers, and for global asset management groups, says Anna Maleva-Otto at Schulte Roth.

  • What To Expect From Labour's Pension Schemes Bill

    Author Photo

    The Labour government’s recently announced Pension Schemes Bill, outlining key policy areas affecting the retirement savings sector, represents a positive step forward for both defined contribution scheme members and defined benefit superfunds, but there are some missing features, says Sonya Fraser at Arc Pensions.

  • Int'l Treaties May Aid Investors Amid UK Rail Renationalization

    Author Photo

    The recently introduced Passenger Railway Services Bill seeks to return British railways to public ownership without compensating affected investors, a move that could trigger international investment treaty protections for obligation breaches, says Philipp Kurek at Signature Litigation.

  • What EU Opinion May Mean For ESG Product Classification

    Author Photo

    The recently issued European Supervisory Authority opinion on the Sustainable Finance Disclosures Regulation offers key recommendations, including revising the definition of sustainable investments and making principal adverse impacts consideration mandatory, that could sway the European Commission’s final approach to product classification, say lawyers at Debevoise.

  • What New UK Listing Rules Mean For Distressed Companies

    Author Photo

    The Financial Conduct Authority’s recently published overhaul of U.K. listing rules makes it easier for advisers to restructure distressed listed companies, and in moving to a more disclosure-based approach, simplifies timelines and increases opportunities for investors, say Kate Stephenson and Sarah Ullathorne at Kirkland & Ellis.

  • AI Reforms Prompt Fintech Compliance Considerations

    Author Photo

    With the EU Artificial Intelligence Act's Aug. 1 enforcement, and the U.K.'s new plans to introduce AI reforms, fintech companies should consider how to best focus limited resources as they balance innovation and compliance, says Nicola Kerr-Shaw at Skadden.

  • Irish Businesses Should Act Now To Prepare For EU AI Act

    Author Photo

    Artificial intelligence is increasingly transforming the Irish job market, and proactive engagement with the forthcoming European Union AI Act, a significant shift in the regulatory landscape for Irish businesses, will be essential for Irish businesses to responsibly harness AI’s advantages and to maintain legal compliance, say lawyers at Pinsent Masons.

  • EU Investment Fund Standards Offer Welcome Clarity

    Author Photo

    The European Commission’s recently published regulatory technical standards for long-term investments, which granted managers greater flexibility with respect to open-ended European long-term investment funds, should help managers active in the space navigate the mandatory liquidity requirements for long-term investment funds, say Zac Mellor-Clark and Nishkaam Paul at Fried Frank.

  • Unpacking The New Concept Of 'Trading Misfeasance'

    Author Photo

    In addition to granting one of the largest trading awards since the Insolvency Act was passed in 1986, the High Court recently introduced a novel claim for misfeasant trading in Wright v. Chappell, opening the door to liability for directors, even where insolvent liquidation or administration was not inevitable, say lawyers at Greenberg Traurig.

  • Key Takeaways From Proposed EU Anticorruption Directive

    Author Photo

    The European Commission's anticorruption proposal, on which the EU Council recently adopted a position, will substantially alter the landscape of corporate compliance and liability across the EU, so companies will need to undertake rigorous revisions of their compliance frameworks to align with the directive's demands, say lawyers at Linklaters.

  • How Regulation Of Tech Providers Is Breaking New Ground

    Author Photo

    The forthcoming EU regulation on digital operational resilience and the U.K. critical third-party regime, by expanding the direct application of financial services regulation to designated technology providers, represent a significant development that is not to be underestimated, say David Berman and Emily Lemaire at Covington.

  • What EU Net-Zero Act Will Mean For Tech Manufacturers

    Author Photo

    Martin Weitenberg at Eversheds Sutherland discusses the European Council’s recently adopted Net-Zero Industry Act and provides an overview of its main elements relevant for net-zero technology manufacturers, including benchmarks, enhanced permitting procedures and the creation of new institutions.

  • Complying With EU Commission's Joint Purchasing Rules

    Author Photo

    One year after the European Commission released its revised guidelines on horizontal cooperation agreements, attorneys at Crowell & Moring reflect on the various forms such agreements can take, and how parties can avoid structuring arrangements that run afoul of competition law.

  • Tips For Implementing EU Sustainability Reporting Guidance

    Author Photo

    Lawyers at Sullivan & Cromwell discuss the European Financial Reporting Advisory Group’s recently published guidance on double materiality assessments and offer takeaways on achieving a sustainability directive-compliant process that could enhance clarity and consistency among multinational stakeholders.

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.