/financial-services-uk?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Financial Services UK Copyright 2025 ÃÛÌÒÊÓƵ. en-US Fri, 04 Jul 2025 13:41:56 +0000 /financial-services-uk/articles/2361253?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2361253 The past week in London has seen the owner of Crystal Palace and the troubled Olympique Lyonnais football clubs sue its current chief executive John Textor, Fieldfisher faces a claim by Georgian businessman Zaza Okusahvili, and a dispute partner at Travers Smith file a personal injury claim against the firm. Fri, 04 Jul 2025 11:36:57 +0000 /financial-services-uk/articles/2361284?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2361284 A former City hedge fund analyst and his sister were sentenced by a London judge on Friday to a combined 11 years in prison for insider dealing and money laundering after they traded using confidential information to earn almost £1 million ($1.36 million) illegally. Fri, 04 Jul 2025 10:35:42 +0000 /financial-services-uk/articles/2361266?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2361266 A trade body for financial institutions published on Friday its recommendations on HM Treasury's plans to support growth and reinforce Britain's position as a global financial center, including reconsideration of the Consumer Duty. Fri, 04 Jul 2025 10:10:01 +0000 /financial-services-uk/articles/2358382?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2358382 Investors in a company which makes ankle tags have denied a £320 million ($437 million) claim that they conspired with the business's ousted chief executive to unlawfully profit from share sales. Fri, 04 Jul 2025 09:31:36 +0000 /financial-services-uk/articles/2361283?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2361283 A London judge sentenced two men convicted of fraud to almost 12 years imprisonment on Friday for their involvement in a £1.5 million ($1.9 million) crypto-investment scam that spanned more than two years. Fri, 04 Jul 2025 08:31:47 +0000 /financial-services-uk/articles/2361232?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2361232 The U.K. government should abolish an administration levy for the pension compensation scheme, a trade body has warned, after it emerged that retirement savings plans faced an unexpected £15 million ($20.5 million) bill. Fri, 04 Jul 2025 08:08:37 +0000 /financial-services-uk/articles/2357649?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2357649 As the Competition and Markets Authority outlines plans to put the U.K. government's growth objectives into action, the changes may well pave the way for a more permissive outlook for review of mergers and acquisitions in the U.K., say lawyers at A&O Shearman. Fri, 04 Jul 2025 08:05:42 +0000 /financial-services-uk/articles/2361260?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2361260 The U.K. pensions sector could face further market volatility in the second half of 2025 because of renewed trade tariffs or geopolitical conflicts, a consultancy warned Friday. Fri, 04 Jul 2025 07:57:26 +0000 /financial-services-uk/articles/2360673?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360673 The rule change proposed by the Financial Conduct Authority on non-financial misconduct for 37,000 companies outside the banking sector will generate pressure on businesses to protectively report employees to the regulator rather than risk later accusations of noncompliance. Thu, 03 Jul 2025 12:21:34 +0000 /financial-services-uk/articles/2360894?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360894 The pace of domestic mergers and acquisitions in the U.K. insurance market slowed down considerably in the first half of 2025, making it the slowest six-month period for M&A activity in the sector since the first half of 2019, a financial services consultancy said Thursday. Thu, 03 Jul 2025 11:35:00 +0000 /financial-services-uk/articles/2360895?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360895 Europe's financial regulators said on Thursday they would work with the bloc's new central anti-money laundering watchdog to ensure the effective exchange of information to combat white-collar crime. Thu, 03 Jul 2025 10:48:11 +0000 /financial-services-uk/articles/2360867?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360867 A man denied that he took part in a £3.9 million ($5.3 million) water investment scam when he appeared at a criminal court in London on Thursday. Thu, 03 Jul 2025 10:19:28 +0000 /financial-services-uk/articles/2357598?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2357598 The Upper Tribunal’s recent upholding of the Financial Conduct Authority's decisions against CFP Management directors serves as a judicial endorsement of the regulator’s approach to defined benefit transfers, underscoring that where the advisory model is fundamentally flawed, the consequences for those in control can be severe, say lawyers at RPC. Thu, 03 Jul 2025 10:03:51 +0000 /financial-services-uk/articles/2360582?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360582 A London judge refused Thursday to throw out a claim that accused the former boss of a luxury perfume group of damaging the reputation of his business after he admitted to exporting high-value products to Russia. Thu, 03 Jul 2025 09:46:12 +0000 /financial-services-uk/articles/2360810?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360810 Guaranty Trust Holding Co., the parent of Nigerian lender GTBank, said Thursday that it aims to raise $100 million in a sale of new shares to recapitalize the bank to a level required by regulation, and to list the shares on the London Stock Exchange. Thu, 03 Jul 2025 07:24:03 +0000 /financial-services-uk/articles/2360808?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360808 British pensions company Chesnara PLC said Thursday it has agreed to acquire the specialist life protection and investment bond provider of banking giant HSBC for £260 million ($355 million) to give the group a "material step up in scale." Thu, 03 Jul 2025 05:54:31 +0000 /financial-services-uk/articles/2360815?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360815 Italian lender Monte dei Paschi has said that the country's competition authority has given the green light to its €13.3 billion ($15.7 billion) proposed takeover of rival Mediobanca SpA. Wed, 02 Jul 2025 13:26:06 +0000 /financial-services-uk/articles/2356671?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2356671 A U.K. investor accused an accounting firm of giving negligent tax planning advice and keeping him in the dark about correspondence with HM Revenue & Customs, which ultimately assessed nearly £633,000 ($863,000) in liabilities, according to a claim filed with the High Court. Wed, 02 Jul 2025 12:46:35 +0000 /financial-services-uk/articles/2360320?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360320 A Singaporean oil company urged a judge Wednesday to throw out allegations that it breached U.S. sanctions on Iran made by its alleged former chief executive, whom it has accused of embezzling €143.8 million ($169.2 million). Wed, 02 Jul 2025 11:43:10 +0000 /financial-services-uk/articles/2360318?utm_source=rss&utm_medium=rss&utm_campaign=section /financial-services-uk/articles/2360318 European financial services businesses must ensure any claims they make about the sustainability of their financial products or services are accurate, accessible, substantiated and up to date, according to guidance from the bloc's financial watchdog.