Financial Services UK

  • May 26, 2026

    FCA Pension Advice Rules 'Don't Go Far Enough'

    Plans by the Financial Conduct Authority to allow businesses in the sector to give more simplified advice to consumers on pensions and investments are a positive step but "don't go far enough," a trade body has said.

  • May 22, 2026

    UK Labour Leadership Hopeful Floats Capital Gains Tax Hike

    A Labour member of the U.K. Parliament vying to succeed Prime Minister Keir Starmer has said he will work to implement a "wealth tax that works" by equalizing capital gains tax and income tax rates if he wins a future leadership contest.

  • May 22, 2026

    Energy Trader Gets October Trial In Hormuz Benchmark Row

    Mercuria Energy Group secured an expedited October trial on Friday in its claim against Baltic Exchange for allegedly failing to factor the essential closing of the Strait of Hormuz into an oil trading benchmark, after Mercuria argued it would affect the entire market.

  • May 22, 2026

    PrivatBank Beats Ex-Owners' Bid To Appeal $3B Fraud Ruling

    The former owners of PrivatBank failed on Friday to overturn a finding that they owe the Ukrainian lender $3 billion, as an appeals court rejected their argument that its acceptance of a later repayment "extinguished" the loss resulting from their fraudulent loan recycling scheme.

  • May 22, 2026

    MFS Litigation Grows With Latest Claim Against Founder

    Administrators of a company linked to Market Financial Solutions have sued Paresh Raja, the collapsed lender's owner, in a London court for alleged breach of fiduciary duty — the latest in growing litigation surrounding the mortgage scandal.

  • May 22, 2026

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

    The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.

  • May 22, 2026

    Fintech Co. Settles Claim For Withheld $1.6M Amid FTC Probe

    An e-commerce platform has settled its claim against a Canadian financial technology company that allegedly wrongly withheld a total of €1.3 million ($1.5 million) and 20.9 million Japanese yen ($130,000) owed from customer purchases.

  • May 22, 2026

    Annuity Providers Held 66% Of UK Investments In 2024

    Bulk purchase insurers held nearly two-thirds of their total assets of more than £200 billion ($268 billion) within the U.K. in 2024, a trade body has said.

  • May 22, 2026

    Local Gov't Pension Reforms To Benefit Millions, Minister Says

    New regulations that will reshape Britain's local government pensions investments will come into force in June, as a minister said the reforms will improve retirement returns for millions of council workers and unlock more cash for economic investment.

  • May 22, 2026

    Average Pension Surplus At FTSE 100 Firms Tops £550M

    The average surplus of defined benefit pension plans sponsored by Britain's top 100 companies was more than £550 million ($738.4 million) at the end of 2025, a consultancy has said, with an aggregate surplus estimated at almost £40 billion.

  • May 21, 2026

    UK To Crack Down On Energy Giants' Offshore Tax Planning

    U.K. Chancellor of the Exchequer Rachel Reeves announced plans Thursday to restrict offshore tax planning by energy multinationals as part of a series of fiscal measures, including cuts to fuel duty and value-added tax.

  • May 21, 2026

    Former LC&F Boss Imprisoned For Contempt Of Court

    The former boss of London Capital & Finance PLC was hit with a six-month prison sentence Thursday for breaching an order imposed by the Serious Fraud Office during an investigation into the £237 million ($317.9 million) collapse of the company.

  • May 21, 2026

    UK Pension Schemes Settle On Endgame Plans, Aon Says

    Most U.K. defined benefit pension programs have now decided their long-term plans for their eventual managed wind-downs, including buyouts by insurance groups, an Aon PLC report showed on Thursday.

  • May 21, 2026

    UK Watchdog Eases Rules For Branches Of Foreign Insurers

    The Bank of England said Thursday that it will loosen rules to make it easier for foreign insurers to operate in the U.K. as part of an effort to boost the national economy.  

  • May 21, 2026

    UK Keeps Lead Over Europe For Finance Sector FDI In 2025

    The U.K. has topped mainland Europe as the leading destination for foreign investment in financial and professional services despite Brexit and global volatility, the governing body of the City of London said on Thursday.

  • May 21, 2026

    Linklaters Guides £200M Pension Deal For Standard Life

    Standard Life PLC has said it has insured £200 million ($268 million) of the liabilities of its own staff pension program, in a deal guided by Linklaters.

  • May 20, 2026

    Firms Deny Alleged Plot To Drain $9M Bond Investment

    Three companies have denied allegations that they conspired to defraud a management consultancy by helping a purported bond market trader dissipate a $9.4 million investment, claiming the funds they received from the trader's business were legitimate payments relating to loans.

  • May 20, 2026

    Employees Can Keep EU Protections For Pre-Brexit Claims

    A European court has ruled that employees claiming to have suffered discrimination at work before Brexit can still expect EU law to apply to their case if it began before the U.K. left the European Union. 

  • May 20, 2026

    Merricks Says Innsworth Made Enough From £200M CPO Deal

    The class representative of a U.K. mass claim against Mastercard said Wednesday that a London court should rebuff litigation funder Innsworth's challenge to the distribution of the claim's £200 million ($269 million) settlement, arguing that it received enough profit in light of how the claim had gone.

  • May 20, 2026

    Triple Lock Reform Could Save £19B A Year, Think Tank Says

    Britain's triple lock state pension is ripe for reform, a U.K. think tank has said, arguing the policy is becoming unaffordable and unfair to younger taxpayers, and instead proposing more targeted support for poorer retirees.

  • May 20, 2026

    UK Pensions Regulator Sets Out Rules On AI Use

    The retirement savings watchdog pushed out rules for pension bosses on the use of artificial intelligence on Wednesday after it emerged that almost all retirement schemes in the U.K. are using the new technology.

  • May 20, 2026

    Pension Sector Slow To Invest In UK Firms, VC Body Warns

    Most venture capital firms say they have faced difficulties getting backing from pension investors, despite assurances that the £250 billion ($335 billion) defined contribution sector will invest more in U.K. equities, a trade body has said.

  • May 20, 2026

    FCA Boosts Regulatory Support Program For Growing Firms

    The Financial Conduct Authority said Wednesday that it has expanded a support scheme for fast-growing companies as the U.K. looks to strengthen its position as a global hub for businesses and services in the sector.

  • May 20, 2026

    Kirkland-Led Investors Merge To Form $21B Asset Manager

    London-based GHO Capital and CBC Group in Singapore said Wednesday that they will merge to create what they claim will be the world's largest healthcare investment company, managing more than $21 billion in assets.

  • May 19, 2026

    Innsworth Challenges Share Of Mastercard Settlement Sum

    Litigation funder Innsworth told the High Court on Tuesday that the distribution of a £200 million ($268 million) settlement from a U.K. mass claim against Mastercard is "illogical" and "flawed" in the first case to test a Competition Appeal Tribunal settlement decision.

Expert Analysis

  • Consolidation Of Lloyd's Bylaws Will Be Useful For Members

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    Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.

  • How EU Prospectus Rule Changes May Boost Market Access

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    The European Union Listing Act’s forthcoming changes to EU prospectus requirements aim to reduce the regulatory burden for issuers of securities, facilitating more efficient transaction execution and reducing market risk, of particular relevance to small and midsize enterprises, say lawyers at Covington.

  • 4 Securities Trends For Pension Trustees To Watch In 2026

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    With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.

  • Exploring The Rise In European Private Credit Loan Portability

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    The increasing use of portability mechanics in loan documentation can make sales processes more attractive to buyers and brings cost savings to sellers, but there are concerns over the portability's impact on competition and differences in sponsors’ goals, say lawyers at King & Spalding.

  • Sanctions Spotlight: Compliance Insights After OTSI's 1st Year

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    The Office of Trade Sanctions Implementation's recent report on its first year of operation offers insights into OTSI's interpretation of its mandate as the U.K.'s civil enforcement body for trade sanctions and efforts to operationalize its enforcement powers, giving businesses a compliance road map for areas it will prioritize in 2026, says Alexandra Melia at Steptoe.

  • A Look At ESMA's New Governance Framework For EU Boards

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    The European Securities and Markets Authority's recently finalized supervisory expectations for management bodies mark a shift toward improved board oversight across culture, risk, strategy and accountability that firms should view as a benchmark, say lawyers at Ropes & Gray.

  • Digital Assets Act Allows Courts To Cater For New Tech

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    The recently enforced Property (Digital Assets etc) Act confirms in law that digital assets can be recognized as personal property, while leaving intentional gaps, which allow courts the flexibility to adapt traditional legal rules to new innovative technology, say lawyers at Dechert.

  • How To Navigate AI M&A Risks, Compliance In Europe

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    As the artificial intelligence industry continues to witness substantial M&A transactions in Europe, parties should be mindful of the unique challenges posed by the acquisition of intangible AI technologies, monitor the evolving regulatory landscape, and establish optimal mechanisms for risk allocation, say lawyers at Morgan Lewis.

  • What To Expect From UK Prospectus Regime Changes

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    The new U.K. prospectus regime for trading on regulated markets, effective Jan. 19, aims to streamline processes and reduce costs, but a significant shift in structuring and disclosure obligations will increase pressure on practitioners to manage risk under tighter timelines, say lawyers at Baker Botts.

  • 10 Financial Regulatory Changes To Prepare For In 2026

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    A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.

  • How Gov't AML Supervision Reform Will Affect Law Firms

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    In confirming that the Financial Conduct Authority will become the single supervisor for professional services, HM Treasury’s planned reform of the U.K.’s anti-money laundering and counter-terrorist financing supervision regime marks a significant change for the legal profession, signaling a greater emphasis on evidence and accountability, says Harriet Holmes at Thirdfort.

  • EU Financial Regulation Trends Cos. Need To Watch In 2026

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    An ever-increasing number of initiatives on the European Union regulatory agenda, with simplification and consistent implementation being priorities, means financial services businesses with a footprint in the EU or seeking to establish one will face significant challenges and strategic opportunities, say lawyers at Taylor Wessing.

  • What To Expect From UK, EU Crypto Regime Changes In 2026

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    With 2025 marking the first operational year of the European Union’s Markets in Crypto-Assets Regulation and the U.K.’s rules reaching their final legislative form, the two jurisdictions are converging in focus, but structural design differences mean firms active in both markets will require dedicated documentation to ensure compliance, say lawyers at Morgan Lewis.

  • What Cos. Can Expect From CMA Consumer Protection Drive

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    The Competition and Markets Authority’s recently launched consumer protection drive targeting banned online sales practices focuses on supporting compliance rather than on enforcement, although firms should expect this to change once businesses have had time to adapt to the regulator's new regime, say lawyers at Baker Botts.

  • Preparing For UK's New Tax Fraud Whistleblower Program

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    With the U.K. government introducing a U.S.-style whistleblower incentive scheme to tackle high-value tax avoidance and evasion, companies should take proactive steps and establish clear protocols to mitigate the potential increase in tax investigations, say lawyers at Skadden.

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