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Financial Services UK

  • April 24, 2025

    Gov't Floats Fix For Spiraling Number Of Small Pension Pots

    The U.K. government unveiled plans on Thursday to tackle the growing number of small forgotten pension pots, in a move that could boost savings for workers and save the retirement industry hundreds of million of pounds.

  • April 23, 2025

    Rainer Hughes Founder Accused Of Laundering Fraud Funds

    Prosecutors accused a founder of Rainer Hughes LLP of laundering the proceeds of a multimillion-pound alcohol tax fraud at the beginning of a criminal trial in London on Wednesday.

  • April 23, 2025

    Brazilian Cos. Appeal EU Rulings Over Madeira Tax Scheme

    Several Brazilian companies are appealing the European Union's court rulings that tax breaks they received in the Madeira Free Trade Zone are considered illegal state aid provided by Portugal​​​​​, according to the Official Journal of the EU.

  • April 23, 2025

    Pension Watchdog Clarifies Rules On Superfund Deals

    The U.K. retirement savings watchdog said Wednesday that it wants to smooth out "friction points" that may be holding back further transactions in the burgeoning pensions superfund market.

  • April 23, 2025

    Argentex Weighs Sale To Rival IFX Amid Liquidity Crisis

    Foreign exchange service provider Argentex Group PLC said Wednesday that it had entered into "advanced discussions" about a potential acquisition by U.K. rival IFX Payments.

  • April 23, 2025

    Trustee Sues Adviser Over Loan To Insolvent Housing Firm

    A trustee is suing an adviser for alleged fraudulent misrepresentation over claims they caused a family trust to loan £5.75 million ($7.65 million) to a company the adviser partially owned, which later fell into insolvency.

  • April 23, 2025

    Childcare Act Expansion Could Boost Pension Pots By £1.2B

    More parents reentering the workforce because of expanded childcare provisions in the U.K. could increase the retirement pots of savers by £1.2 billion ($1.6 billion), a pension provider said Wednesday.

  • April 23, 2025

    Visa Settles With Retailers After Swipe Fees Pass-On Trial

    Lawyers representing more than 1,800 businesses said Wednesday that they have reached a settlement with Visa over allegations the company imposed excessively high credit card fees — weeks after the conclusion of a trial over whether overcharges were passed on.

  • April 22, 2025

    Director Banned After Investors Lost £8.5M In Tree Bonds

    A U.K. businessman has been banned from running a company until 2036 after investors in a Brazilian plantation scheme lost more than £8.5 million ($11.3 million), the Insolvency Service said Tuesday.

  • April 29, 2025

    Sidley Adds Former Latham Capital Markets Pro In London

    Sidley Austin LLP has hired an experienced debt and equity capital markets heavyweight as a partner in its London practice, as the U.S. law firm continues to strengthen its European presence.

  • April 22, 2025

    Generali Launches Secondaries Fund With Partners Group

    Italian asset management group Generali Investments said Tuesday that it has launched a new investment fund in partnership with Swiss-based global private equity firm Partners Group AG.

  • April 22, 2025

    Ex-Janus Analyst Denies Telling Sister To Short Lab Shares

    A former financial analyst testified in London on Tuesday that his sister's decision to short a major lab testing company's share price minutes after he received confidential information unavailable to the market had nothing to do with him.

  • April 22, 2025

    Investment Biz Denies Liability In £12M Property Loan Dispute

    An investment company has hit back at a fund's £11.8 million ($15.8 million) High Court claim alleging that it caused the fund to lend money for property developments that were likely to fail.

  • April 22, 2025

    Aviva Study Reveals 'Concerning Gap' In Pensions Knowledge

    Only a third of savers in the U.K. can correctly identify a defined benefit or defined contribution pension plan, according to a study published by Aviva on Tuesday.

  • April 22, 2025

    Tariff Wars Cloud UK Plan To Harness Pensions For Growth

    The U.K. government has laid out plans for Britain's £3 trillion ($4 trillion) pensions sector to unleash more retirement assets into the real economy to boost growth and jobs — but a series of market shocks from proposed global trade tariffs have overshadowed reform plans. 

  • April 17, 2025

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

    The past week in London has seen the producers of West End show "Elf the Musical" face a contract dispute, Korean biotech company ToolGen Inc. bring a fresh patents claim against pharma giant Vertex, and ousted car tycoon Peter Waddell bring a claim against the private equity firm that backed his business. Here, Law360 looks at these and other new claims in the U.K.

  • April 17, 2025

    IT Company Capgemini Buys Delta Capita Compliance Unit

    French tech giant Capgemini SE said Thursday it has acquired the Dutch subsidiary of consultancy Delta Capita Group Ltd., as it strengthens its financial crime and regulatory compliance services in Europe.

  • April 17, 2025

    Rental Services Biz Aims To Seek New Investors Via AIM Float

    RentGuarantor Holdings PLC said Thursday that it intends to list on the London Stock Exchange later in 2025 as the rental services company looks to attract a broader spectrum of investors.

  • April 17, 2025

    VietJet Must Pay Investor $180M In Plane Lease Dispute

    A Vietnamese budget airline must pay the subsidiary of an international private investment company more than $180 million for failing to return its planes, as a judge ruled Thursday that a termination clause in the lease agreement was not a penalty provision.

  • April 17, 2025

    BoE Insurance Reforms Could Harm Pension Deal Prices

    New freedoms that would allow insurers to invest more easily in a wider range of instruments could lead to reduced pricing for pension funds approaching the bulk purchase annuity market, a broker has said.

  • April 17, 2025

    Barclays To Offload Payments Business To Brookfield

    British lender Barclays Bank PLC said Thursday that it plans to sell most of its payments business to U.S. asset manager Brookfield in a move to realize the money it has invested in the subsidiary.

  • April 23, 2025

    Paul Weiss Adds 1st UK Fund Finance Pro From Proskauer

    Paul Weiss said Wednesday that it has hired its first fund finance partner in London from Proskauer Rose LLP as it looks to better cater to the financing needs of clients in Europe and further afield internationally.

  • April 16, 2025

    Austrian Exec Can't Take Extradition Fight To UK Top Court

    An Austrian banker wanted in the U.S. over a major Brazilian corruption scandal could be extradited after a London judge blocked his path to appeal to the U.K.'s highest court, prosecutors said.

  • April 16, 2025

    FCA Proposes Data Reporting Cuts For 16,000 Firms

    The Financial Conduct Authority proposed Wednesday to remove unnecessary data reporting for firms, in an effort to support U.K. economic growth.

  • April 16, 2025

    NHS Practice Manager Gets 7-Year Ban For Pension Failings

    A former practice manager at an NHS surgery who did not pay more than £75,000 ($99,330) into the pension funds of staff has been banned from starting a new company for seven years over the failings, a government agency has said.

Expert Analysis

  • What EU Opinion May Mean For ESG Product Classification

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    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

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    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

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    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

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    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

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    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'

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    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

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    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

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    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

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    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

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    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

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    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.

  • Why Ukraine Aircraft Insurance Case Failed To Take Off In UK

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    In Aercap v. PJSC Insurance, the High Court decided the claimants could not avoid an exclusive jurisdiction clause and advance their case in England rather than Ukraine, and the reasoning is likely to be of relevance in future jurisdiction disputes, say Abigail Healey and Genevieve Douglas at Quillon Law.

  • Labour's 'Fresh Approach' To Tackling Financial Crime

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    Given newly elected Prime Minister Sir Keir Starmer’s background as a criminal defense lawyer and director of public prosecutions, an administration with strong views on financial crime can be expected, and revenue raising and proceeds of crime recovery are likely to be at the forefront, says Matthew Cowie at Rahman Ravelli.

  • Unpacking Pressures, Trends Affecting Global Supply Chains

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    A recent HSBC report reveals a number of trends and challenges for global supply chains in the current uncertain geopolitical landscape, and with constant emerging opportunities, companies that can stay informed, be proactive and adapt to change will be well positioned to succeed, says Michelle Craven-Faulkner at Shoosmiths.

  • What UK Digital Markets Act Will Mean For Competition Law

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    The new Digital Markets Act’s reforms will strengthen the Competition and Markets Authority's investigatory and enforcement powers across its full remit of merger control and antitrust investigations, representing a seismic shift in the U.K. competition and consumer law landscape, say lawyers at Travers Smith.

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