Financial Services UK

  • June 24, 2026

    Hipgnosis Founder Beats Music Catalog Investment Idea Row

    Elton John and Beyoncé's former manager has beaten a multi-million pound claim accusing him of improperly diverting a music catalog investment opportunity for his own benefit, with a London judge ruling he was entitled to pursue the idea behind the Hipgnosis music investment fund. 

  • June 24, 2026

    Banks Defeat FOS Bid To Revive Historic Loan Complaints

    A group of major U.K. banks fended off on Wednesday an attempt by the Financial Ombudsman Service to investigate customer complaints over historic lending, which they argued could have opened the floodgates to thousands of more claims.

  • June 24, 2026

    UK Gov't Plans 22% Charge On Stock Interest Held In ISAs

    The Labour government is planning a 22% charge on interest gained on stocks and shares in individual savings accounts as part of overhauling rules for these tax-free saving options widely used to save for buying homes, Britain's tax authority said.

  • June 24, 2026

    PayPoint Completes Acquisition Of Credit Reference Agency

    PayPoint PLC said Wednesday that it has completed its acquisition of AperiData following an earlier £1 million ($1.3 million) investment in the credit reference agency and open banking platform.

  • June 24, 2026

    Finance Body Calls For More Regulatory Equivalence With EU

    UK Finance has called for greater regulatory equivalence as part of a stronger financial services partnership between the U.K. and European Union ahead of their annual leaders' summit in Brussels on July 22.

  • June 24, 2026

    UK Auditing Watchdog Eases Rules To Trim Reports

    The Financial Reporting Council said on Wednesday that it had revised auditing standards to shorten auditors' reports after concerns that they had become unnecessarily lengthy in recent years.

  • June 24, 2026

    UK Insurers Must Tighten Financial Crime Controls, FCA Says

    The finance watchdog has urged insurers to strengthen key financial crime controls after it found weaknesses across the sector, including in risk assessments, customer due diligence, transaction monitoring and oversight of outsourced activities.

  • June 24, 2026

    UK REIT Segro Rejects £12.6B Bid By Linklaters-Led Prologis

    Real estate investment trust Segro said Wednesday that it has rebuffed an unsolicited £12.6 billion ($16.6 billion) bid from Prologis, saying the approach was "opportunistically timed" as the U.S. company seeks access to the U.K. rival's data center business.

  • June 23, 2026

    Baltic Says Oil Benchmark Accounted For Homuz Closure

    Baltic Exchange has rejected Mercuria Energy Group's claim that it failed to factor the effective closure of the Strait of Hormuz into an oil trading benchmark, saying it used the same methodology as during earlier U.S.-Iran war disruptions.

  • June 23, 2026

    Ex-Barclays Worker Can Appeal Over Judge's Alleged Insult

    A former Barclays community banker won leave Tuesday to appeal against a tribunal's findings that she was not discriminated against in disputes over her place of work, as she claimed the judge in the case called her "delusional."

  • June 23, 2026

    Gupta's Steel Biz Auditor Sanctioned Over 'Egregious' Failings

    The U.K. accounting watchdog said Tuesday that it has fined and banned a tiny accounting firm, finding "widespread deficiencies" in its audit work on the accounts of several companies in Sanjeev Gupta's metals empire.

  • June 23, 2026

    CPS Secures 1st Order Restricting E-File Docs In Entain Case

    A London judge has approved a request by the Crown Prosecution Service to waive new public access requirements for court documents in a claim against gambling group Entain, in the first decision to set out the criteria for a filing modification order.

  • June 23, 2026

    EU Lawmakers Advance Digital Euro Plan For 2027 Pilot

    The European Parliament's economic and monetary affairs committee said Tuesday it has voted by a large majority for a digital euro backed by the European Central Bank, with a pilot rollout likely in 2027.

  • June 23, 2026

    Aegon Urges Next PM To Rethink Pension Triple Lock

    The next prime minister should reconsider the long-term viability of the state pension triple lock, an insurer warned Tuesday.

  • June 23, 2026

    Lloyds Deploys AI Agents To Prevent Payment Scams

    Lloyds Banking Group said it has launched fraud detection agents powered by artificial intelligence that analyze payments in real time to help stop scams.

  • June 23, 2026

    IP Group Rejects £615.8M Bid From Railway Pension Trustee

    IP Group PLC said Tuesday that it has rejected a takeover approach worth approximately £615.8 million ($814 million) from the trustee of a U.K. retirement savings plan for railway staff.

  • June 23, 2026

    Obesity Jabs Could Raise Pension Liabilities, Insurer Warns

    Almost nine in 10 trustees of defined benefit pension schemes in the U.K. have not assessed how new and evolving health treatments for weight loss will affect the liabilities of their plans, Standard Life said Tuesday.

  • June 23, 2026

    EU Insurers Push For Sharper Savings Union Focus

    Europe's insurance industry urged policymakers on Tuesday to sharpen the focus of the Savings and Investments Union, saying the sector should do more to channel household savings into the long-term investments needed to strengthen Europe's economy.

  • June 22, 2026

    FCA Plans To Tighten Rules For Self-Invested Pensions

    The Financial Conduct Authority proposed tighter rules for self-invested personal pensions on Monday in order to prevent fraudulent investments and keep client money safe.

  • June 22, 2026

    Property Biz Directors Must Yield Phones In £180M Accor Row

    A property developer's directors will give up their phones to be examined for messages possibly relevant to the company's long-running claim worth more than £180 million ($238 million) against French hospitality giant Accor, a London judge has ordered.

  • June 22, 2026

    Lawyers To Face 'Fit & Proper' Tests Under FCA's AML Regime

    Lawyers will face fresh "fit and proper" tests when the Financial Conduct Authority takes over control of anti-money laundering regulation from the Solicitors Regulation Authority, the government has confirmed.

  • June 22, 2026

    Investor Ares Defends Use Of 'Marq Logistics' TM

    U.S. investment giant Ares has rejected claims it tried to profit from a London real estate business' success by using the "Marq Logistics" trademark, arguing that the U.K. company operates under a different logo.

  • June 22, 2026

    BoE Sets Out 'Milestone' Regime For Stablecoin Issuers

    The Bank of England set out on Monday what it called a "milestone" regime for U.K. issuers of stablecoins in a policy paper that relaxes its original proposals.

  • June 22, 2026

    Treasury Updates High-Risk Money Laundering Countries List

    The Treasury has updated its list of countries at high risk for money laundering and terrorist financing, telling companies to enhance due diligence for transactions involving Iraq and Bosnia and Herzegovina while removing Algeria and Namibia from the list.

  • June 22, 2026

    Record Funding 'Could Spark Novel Pension Options'

    The strong funding position of defined benefit pension plans is likely to give rise to more innovation in the future, Britain's retirement savings watchdog has said, as it urged any plans considering novel ideas to consult with the regulator.

Expert Analysis

  • EU Protocol Strengthens Int'l Criminal Asset Recovery Powers

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    The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.

  • How UK Unfair Dismissal Reforms Could Affect PE Sponsors

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    The U.K. government’s unfair dismissal rights reforms taking effect from January 2027 could create uncertainty over management incentive arrangements and complicate senior management changes, representing a material shift in the risk landscape for private equity firms, say lawyers at Debevoise.

  • A Potent EU Tool To Block Russian Arbitration Interference

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    The European Union’s latest sanctions package introduces an EU-wide antisuit injunction mechanism that offers businesses a powerful weapon against Russia's efforts to derail international arbitration with forum-shopping tactics, say lawyers at Signature Litigation.

  • How FCA Proposal Would Change IPO Research Rules

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    The Financial Conduct Authority’s recent proposals for the governance of information flows in equity initial public offerings represent a recalibration rather than a wholesale deregulation of the current framework by maintaining that connected research be grounded in approved disclosure, say lawyers at Sullivan & Cromwell.

  • Nonequity Partner Tier Presents Lawyers With Pros And Cons

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    While the nonequity partner model may offer law firms' management flexibility and be a genuine stepping stone for lawyers in some organizations, at others the tier functions more as an extended holding pattern whose uncertainty can cause frustration for ambitious lawyers, say Filippo Falchi and Portia White at Major Lindsey.

  • Series

    Practice Leader Insights From Covington's David Berman

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    David Berman, Covington's head of EMEA financial services, discusses how he perceived a gap in the market for practical financial regulatory advice, the challenges of advising Egypt on its new banking law, and how firms that neglect artificial intelligence governance do so at their peril.

  • EU Foreign Subsidies Report Offers Chance To Take Stock

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    The European Union’s forthcoming review of the Foreign Subsidies Regulation, revealing reassuringly low intervention rates but a burdensome prenotification process, offers the European Commission a timely opportunity to address genuine distortions and be more proportionate in its demands on market participants, say lawyers at Dechert.

  • EU Directive Recalibrates States' Anti-Corruption Landscape

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    The European Union's recently adopted anti-corruption directive does not transform compliance requirements overnight, but it will establish a minimum harmonization framework addressing substantive offenses, corporate liability and sanction levels across member states once national legislation is in place, say Katharina Humphrey, Karla Böltz and Maximilian Schach at Gibson Dunn.

  • Easing Of UK Stablecoin Rules Will Encourage Crypto Growth

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    The Bank of England’s recent decision to relax parts of its proposed framework for sterling-backed stablecoins balances innovation with financial stability, and will help the U.K. remain competitive with crypto markets across the globe, says Thomas Cattee at Gherson.

  • New FDI Regs Signal Major Changes For M&A Deals In EU

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    The European Parliament’s recent adoption of the new foreign direct investment regulation represents a major shift from the European Union's current regime, replacing a voluntary fragmented system with a mandatory baseline for screening and introducing procedural requirements that will bring greater consistency across member states, say lawyers at Covington.

  • EU Fund Manager Reforms May Deepen Divide With UK Regs

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    Although the European Union is progressing with newly implemented regulations for alternative investment fund managers, the U.K. is leveraging post-Brexit flexibility to review its regulatory framework, marking a potential divergence between the two regimes, say lawyers at Skadden.

  • FCA-Approved Firms Get Liability Clarity On Appointed Reps

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    The recent U.K. Supreme Court judgment in Kession Capital v. KVB Consultants, turning on the construction of Section 39 of the Financial Services and Markets Act 2000, sets an important precedent in elucidating a Financial Conduct Authority-authorized person's responsibility for its appointed representative's activities, say lawyers at Signature Litigation.

  • Private Lender Verification Lessons From Recent Fraud Cases

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    Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.

  • Internal Investigation Strategy After Glencore Privilege Ruling

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    The recent High Court ruling in Aabar Holdings v. Glencore PLC confirms that legal privilege can extend to intraclient communications, materially improving the position of companies that design investigations carefully, define legal channels properly and maintain discipline in their internal communications, says Nicolas Groffman at Harligan.

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

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    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

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