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Financial Services UK

  • August 15, 2025

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

    This past week in London has seen Transport for London hit with a procurement claim by the operator of Oyster card, while Mastercard and Visa face claims from the Rocco Forte Hotel Group, and Liverpool Football Club lobbed a claim against a security company.

  • August 15, 2025

    Slowest First Half Of Year Since 2021 For Insurance M&A

    Mergers and acquisitions between insurance companies in Britain slowed significantly across the first six months of 2025 after a busy 2024, the slowest first half of a year since 2021, according to a company that keeps track of insurance deals.

  • August 15, 2025

    Ombudsman Proposes Lower Fees For Faster Resolutions

    The Financial Ombudsman Service has proposed a change to its fee structure to enable businesses to pay less if complaints are resolved early, part of its wider transformation.

  • August 22, 2025

    Proskauer Hires Leveraged Finance Pro From White & Case

    Proskauer Rose LLP has boosted its ability to represent clients in leveraged finance transactions by hiring an expert from White & Case in London.

  • August 15, 2025

    L&G Sees Near £1T Pension Deals Globally Over Next Decade

    Legal & General has said global insurers could secure up to £1 trillion ($1.4 trillion) in pension liabilities over the next decade.

  • August 15, 2025

    PIB Group Adds Benefits Consultancy Atwood To Acquisitions

    Insurance consolidator PIB Group has acquired Atwood Benefits, adding to a string of acquisitions by the private equity-backed business in recent months.

  • August 14, 2025

    Scale Of Fraud A 'National Security Threat,' Think Tank Warns

    Real-time data-sharing between law enforcement and the private sector is crucial for tracing the proceeds of financial crime at a time when the scale of fraud in the U.K. might constitute "a national security threat," a think tank said Thursday.

  • August 14, 2025

    HMRC Tests Tax Evasion Law With 1st Corporate Charge

    HMRC's long-awaited decision to charge a company for failing to prevent tax evasion under powers introduced eight years ago will test largely unanswered legal principles and could be a sign of the tax ministry's tougher stance on financial crime, lawyers say.

  • August 14, 2025

    Trustees Warned To Follow Rules Or Face Jail, Fines

    The Pensions Regulator on Thursday warned pension scheme trustees that they face large fines or even jail if they flout investment rules designed to protect savers.

  • August 14, 2025

    UK Faces Pensions Crisis As Savings Fall Short, Says Official

    A director at the pensions watchdog has said that ensuring workers in Britain have sufficient financial resources in later life is the "challenge of our time."

  • August 14, 2025

    WTW Trust Invests £450M In Schroders Renewables Fund

    Insurance broker WTW said Thursday that its defined contribution master trust will invest $450 million in a fund of renewable energy-focused investment manager Schroders Greencoat LLP.

  • August 14, 2025

    Retail Assets Under Management Overtake Pension Assets

    The Investment Association said that for the first time, pension assets fell below retail assets as a proportion of assets under management by investment managers, driven by the continued impact of the 2022 gilts sell-off and by direct benefit pension scheme wind-downs.

  • August 14, 2025

    Aviva Reports Dip In Pension Deals Amid Market Slowdown

    Insurance giant Aviva said Thursday that it penned £2 billion ($2.7 billion) worth of bulk annuity deals in the first half of 2025, marking a fall compared with the corresponding period the previous year.

  • August 13, 2025

    UK Gains Interpol Notice Against Fugitive Behind £64M Fraud

    British police said Wednesday that they've secured an international notice against the fugitive mastermind behind a Ponzi scheme to help trace and recover part of the £64 million ($86 million) he owes investors.

  • August 13, 2025

    Fund Manager Sued Over Unpaid Fee In $300M Financing Deal

    A corporate finance adviser has alleged that an investment fund manager is refusing to pay a $3.75 million success fee after the adviser introduced investors for the manager's fleets of supply vessels across the Middle East, Southeast Asia and West Africa.

  • August 13, 2025

    EU Trade Body Urges Change To DORA Financial Reporting

    A trade body for Europe's financial institutions has urged European Union watchdogs to change rules on incident reporting because banks are providing ineffective reports.

  • August 13, 2025

    Football Club Owner's $93.6M Buyout Dispute Gets Trial Date

    A dispute over whether the owner of a portfolio of football clubs was required to buy for $93.6 million an investment vehicle's stake in his company will be determined in a preliminary issue trial in September.

  • August 13, 2025

    Shipping Magnate's Heirs Seek £1M Debt Owed To Father

    Heirs of the German shipping magnate Bertram Rickmers have sued a Swiss company for £1 million ($1.36 million) over its alleged failure to pay back a loan it took out from their father.

  • August 13, 2025

    HSF Kramer, CMS Guide £36M Pension Deal For German Bank

    Pension Insurance Corp. has completed a £36 million ($49 million) buy-in transaction involving the pensions of 156 members of The Helaba Group in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP and Herbert Smith Freehills Kramer LLP.

  • August 13, 2025

    Charity Director Avoids Prison In Terrorism Sanctions Case

    The director of a charity sanctioned for her ties to a pro-Hamas news outlet was given a suspended prison sentence on Wednesday in the first prosecution of an individual for failing to adequately respond to a request for information by Britain's sanctions enforcer.

  • August 13, 2025

    UK Watchdog Proposes More Targeted Audit Supervision

    The U.K.'s accounting watchdog proposed Wednesday a more targeted approach to supervising audits, backed by greater reliance on firms to take responsibility for a quality-orientated culture.

  • August 13, 2025

    Gov't Urged To Tackle UK Self-Employed Pensions 'Crisis'

    The government should allow HM Revenue and Customs and financial advisers to provide personalized "nudges" to self-employed workers to encourage retirement saving amid mounting concern that they are not putting enough money aside, a cross-party think tank has said.

  • August 13, 2025

    Fund Manager Sued For €6M Over Terminated Advisory Deal

    A Monaco advisory firm has sued a Spanish private equity fund manager for €6 million ($7 million), accusing it of unlawfully terminating a contract for fund placement advisory services.

  • August 13, 2025

    Squire Patton Steers £23M Pension Deal For UK Steelmaker

    Reinforced-steel supplier Rom Ltd. has agreed a £23 million ($31 million) full pension scheme buy-in with Just Group, the financial services company said Wednesday.

  • August 12, 2025

    The Biggest UK White Collar Cases Of 2025: Midyear Report

    James "Jes" Staley's ill-fated legal battle over his ties to Jeffrey Epstein, the first conviction secured by Britain's sanctions' enforcer and Tom Hayes' Supreme Court victory are just a few of the big cases from 2025.

Expert Analysis

  • Reflecting On 12 Months Of The EU Foreign Subsidy Regime

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    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

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    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

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    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.

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

  • 2 UK Rulings Highlight Persistent Push Payment Fraud Issues

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    Two recent High Court decisions, Larsson v. Revolut and Terna DOO v. Revolut, demonstrate that authorized push payment fraud continues to cause headaches for consumers and financial institutions alike, and with forthcoming mandatory reimbursement requirements, more APP fraud litigation can be expected, say lawyers at Charles Russell.

  • Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling

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    The Second Circuit’s 2021 decision in U.S. v. Bescond, holding that a French resident indicted abroad did not meet the legal definition of a fugitive, deepened a circuit split on the fugitive disentitlement doctrine, and courts continue to grapple with the doctrine’s reach and applicability, say attorneys at Lankler Siffert.

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