Financial Services UK

  • April 30, 2026

    FRC To Set Tougher Audit Standards On Fraud Risks

    The Financial Reporting Council published its final revision on Thursday to incoming auditing standards for assessing the risk of fraud and a company's ability to keep operating in the foreseeable future, highlighting a demand for greater transparency in audit reporting.

  • April 30, 2026

    FCA Charges Ex-Mortgage Broker For Flouting Ban

    The financial services watchdog hit a former mortgage broker with criminal charges on Thursday over allegations that he was arranging mortgage contracts after being banned.

  • April 30, 2026

    SoftBank Unit Says Ex-Directors Duped It Into £2.5M Deal

    SoftBank Robotics UK has accused two former directors of a firm it co-owned of inflating earnings to trick it into buying their shares, hitting back at their £8 million ($11 million) claim that it wrongly forced them out.

  • April 30, 2026

    Pensions-Backed Schroders Fund Invests £100M Into UK Cos.

    Schroders Capital has said one of its investment vehicles has committed more than £100 million ($135.2 million) of pension capital and government-backed money to a range of British technology and artificial intelligence startups.

  • April 30, 2026

    Imprisoned Oligarch Denied Appeal Over $14B Asset Seizure

    Imprisoned oligarch Ziyavudin Magomedov can't revive his $14 billion claim that he was the victim of a Russian state-led conspiracy to strip his assets in two major port operators, after an appeal court rejected his latest challenge on Thursday.

  • April 30, 2026

    Gov't Vows To Broaden Scope Of Captive Insurance Regime

    The government has said it will introduce reforms to allow existing capital market structures to be used for the U.K.'s planned new captive insurance regime.

  • April 30, 2026

    Lazard To Buy Campbell Lutyens For $575M

    Lazard Inc. said Thursday that it will buy London-based Campbell Lutyens for $575 million to create a global private capital advisory unit.

  • April 29, 2026

    Ex-Jusan COO Claims He Blew Whistle On Embezzlement

    A former executive at Jusan Technologies, the British financial services holding company, is accusing the company of withholding money he was owed because of his whistleblowing on embezzlement.

  • April 29, 2026

    More UK Businesses Face Crisis Over Taxes, War, Report Says

    The number of U.K. businesses near collapse increased by almost 37% with rising taxes ahead of the economic fallout of the Iran war, an insolvency firm warned in a report Wednesday.

  • April 29, 2026

    Solicitor Fined Over £237M LC&F Mini-Bond Scheme Conflict

    A senior solicitor has been fined by a tribunal over an "obvious" conflict of interest by serving as both a bondholder trustee and as a legal adviser to a firm behind a collapsed £237 million ($320 million) mini-bond scheme that defrauded investors.

  • April 29, 2026

    Mercedes, VW Challenge FCA's £7.5B Motor Finance Plan

    Mercedes-Benz and Volkswagen have joined a group of four other entities challenging the lawfulness of the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system.

  • April 29, 2026

    Flagship Pension Reforms Clear Final Parliamentary Hurdle

    The government's planned pension reforms passed into law on Wednesday after ministers agreed to introduce last minute guardrails on controversial new powers.

  • April 29, 2026

    FCA Says Cos. Should Share Data To Combat Market Abuse

    The Financial Conduct Authority said Wednesday in its latest Market Watch newsletter that businesses must share customer information with each other on market abuse and other financial crime as far as the law allows.

  • April 29, 2026

    Uzbekistan Fund Shoots For $1.95B Valuation In London IPO

    Uzbekistan's sovereign wealth fund said Tuesday that it is aiming for a market capitalization of $1.95 billion in its London and Tashkent initial public offering.

  • April 29, 2026

    BoE Set To Bolster Funded Reinsurance Regulatory Oversight

    The Bank of England's regulatory arm floated measures on Wednesday that would see funded reinsurance transactions involving U.K. life insurance companies face enhanced regulatory requirements, amid fears its growing use poses wider risks to financial stability.

  • April 28, 2026

    FCA Eyes Overhaul Of APR Presentation In Loan Ads

    The Financial Conduct Authority launched Wednesday a review of the extent to which the annual percentage rate helps consumers understand borrowing costs, with proposals to change how these are communicated in loan ads.  

  • April 28, 2026

    Europol Says AI, Crypto Are Fueling Elusive Cybercrime

    European authorities warned Tuesday that cybercriminals are becoming more sophisticated and difficult to detect as they leverage artificial intelligence tools, encrypted messaging platforms and the dark web to evade law enforcement. 

  • April 28, 2026

    People's Partnership Is First Master Trust To Join PMI Program

    People's Partnership has become the first British master trust provider to join the Pensions Management Institute's Development Partnership program, which aims to raise professional standards across the pensions industry.

  • April 28, 2026

    Budget Tax Raid Fears Spurred Pension Withdrawals

    Fears over a tax raid on pensions have led to a surge in Britons cashing out of their long-term savings in the run-up to Budget announcements, a consultancy found Tuesday.

  • April 28, 2026

    4 In 5 Adults Unaware Of Pensions Dashboards, KPMG Says

    Four in five adults in Britain are not aware of the long-awaited pensions dashboards project designed to connect savers with lost savings pots, according to a KPMG survey, with knowledge of the forthcoming portals lowest among those closest to retirement.

  • April 28, 2026

    UK's Over-85 Population To Double Amid State Pension Fears

    Britain is becoming an increasingly elderly society, with major implications for pensions, the economy and public services, the Office for National Statistics said Tuesday.

  • April 28, 2026

    Barclays Launches £500M Buyback After 'Solid' Results

    Barclays unveiled a £500 million ($674 million) share buyback on Tuesday as the lender reported a steady rise in profit and income in the first three months of 2026.

  • April 27, 2026

    Pension Megafunds Will Mean Huge 'Concentration Of Power'

    The push to create new pension megafunds in the coming years could further concentrate power in the hands of just a few professional trustees, a consultancy warned Tuesday.

  • April 27, 2026

    Nick Candy Beats Startup Founder's Freezing Order Claim

    A London court struck out former dotcom entrepreneur Robert Bonnier's claim on Monday against property developer Nick Candy over a wrongly obtained freezing order, concluding that the entrepreneur and his company's bankruptcy trustee repeatedly breached court orders.

  • April 27, 2026

    Consumer Body Files Challenge To FCA Car Finance Scheme

    A consumer rights group said Monday it has filed a legal challenge over how the Financial Conduct Authority's £7.5 billion ($9.9 billion) motor finance redress scheme calculates compensation, warning that it could otherwise leave millions of consumers out of pocket.

Expert Analysis

  • EU Risks Falling Behind With Delay In Digitization Rule Fixes

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    With financial organizations calling for the European Union to fast-track modifications to the Distributed Ledger Technology Pilot Regime and the EU signaling that tokenization is a permanent feature of the financial landscape, the sector needs to prepare for the now inevitable shift, says Antonio Lanotte at Futura Law.

  • Darchem Ruling Clarifies Status Of JV Members' Solo Claims

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    The High Court’s recent decision in Darchem Engineering v. Bouygues on whether individual members of an unincorporated joint venture can pursue claims against an employer provides a helpful road map for considering a JV's standing, and a reminder of the importance of contract construction, say lawyers at Squire Patton.

  • Insights From FCA's Latest Customer Due Diligence Review

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    The Financial Conduct Authority’s recent report on customer due diligence controls explains what distinguishes good policies and procedures from those that are lacking, and should encourage firms to check that their processes are detailed, practical and relevant to the business, say lawyers at Womble Bond.

  • Lessons From Spain's Decision Not To Enforce UK Judgment

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    In a recent ruling, a Barcelona court refused to recognize a €365 million U.K. judgment against Cerberus Capital, showing that a foreign decision may be sound, final and enforceable in its own jurisdiction, yet still be refused entry where it threatens to displace a dispute already before the Spanish courts, says Josep Galvez at 4-5 Gray’s Inn Square.

  • How New EU Third-Country Branch Rules Will Affect UK Banks

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    The European Union's new directive on third-country branch rules for non-EU banks will have a significant impact on U.K. banks, which will no longer be permitted to provide core cross-border services into the EU without a local presence, unless an applicable exemption or carveout applies, say lawyers at Farrer & Co.

  • Lessons From ESMA's Record €1.4M Trade Repository Fine

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    The European Securities and Markets Authority's recent fine against REGIS-TR for data and procedure breaches under Market Infrastructure and Securities Financing Regulations demonstrates that a license confers no immunity from sanctions, and that dually registered trade repositories face a greater financial exposure in the event of noncompliance, say lawyers at White & Case.

  • CMA's 5-Point Plan Signals Shift In Enforcement Priorities

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    The Competition and Markets Authority’s recently published annual plan is notable for a strong shift toward prioritizing U.K. enforcement of consumer protection laws, encouraging innovation and policing public procurement markets for anticompetitive conduct, which contrasts with previous plans that focused on competition in digital markets, complex merger review and sustainability, say lawyers at Cooley.

  • Responding To UK's New Late-Payment Enforcement Regime

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    The U.K. government’s recently announced crackdown on late payment marks a decisive shift from voluntary standards toward an enforcement-led framework designed to alter behavior by changing incentives, increasing accountability and introducing real consequences for persistent poor practices, say lawyers at Shoosmiths.

  • Unpacking HMRC's Decision To Delay Tax Adviser Regime

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    Lawyers at McDermott discuss why HM Revenue & Customs recently chose to delay the application of its tax adviser registration requirement to financial services firms, such as asset managers, as well as the onerous duties and responsibilities that the current legislation imposes.

  • What CMA Blog Reveals About Pricing Collusion Scrutiny

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    The Competition and Markets Authority's recent blog post announcing capabilities to screen for algorithmic collusion demonstrates that the regulator's concerns are crystallizing into enhanced investigative and enforcement actions, broadening the range of commercial arrangements at risk of antitrust scrutiny, say lawyers at Freshfields.

  • Carillion Fines Show FCA's Broad View Of Directors' Duties

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    The Financial Conduct Authority’s recent issuing of final notices to Carillion’s former group CEO demonstrates that executive directors cannot recklessly allow misleading public announcements that undermine market confidence, says Wendy Saunders at Lewis Silkin.

  • Assessing Potential Legal Claims From Private Credit Turmoil

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    Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.

  • What New FCA Rules Mean For Deferred Payment Providers

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    New rules from the Financial Conduct Authority requiring deferred payment credit providers to obtain a financial services license have two notable implications: providers will be subject to full compliance with the regulator’s consumer duty, and must meet its organizational and governance requirements, says Alix Prentice at Cadwalader.

  • FCA Stablecoin Sandbox Indicates Shift In Crypto Regulation

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    The Financial Conduct Authority’s recent decision to use four companies to test stablecoin models within its regulatory sandbox provides a mechanism for testing real-world use cases, and shines a light on the U.K.'s broader strategy in the context of global stablecoin legislation, says Ben Lee at Andersen.

  • Who Will Be 1st To Prosecute New Corporate Fraud Offense?

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    With no prosecutions under the failure to prevent fraud offense six months on from its introduction, lawyers at BCL Solicitors explore the front-runners in the race to prosecute, and consider whether a private prosecutor might beat a state prosecuting authority to the finish line.

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