Financial Services UK

  • June 02, 2026

    High Court Gets Overhaul With New Business Division

    Lady Chief Justice Sue Carr unveiled plans on Tuesday to overhaul the High Court of England and Wales by creating a new business and property division that she said will provide "greater clarity for users."

  • June 02, 2026

    New Chair Of Actuary Body Pushes For Fairer Pension System

    The new chair of a trade body for actuarial consultants has said he will push for a more well-governed pension system.

  • June 02, 2026

    AI Governance Vital For Pension Reforms, Trustees Told

    Pension scheme trustees and providers will need clear governance frameworks with strong controls and human oversight when using artificial intelligence to implement a raft of forthcoming retirement savings reforms, an insurance technology company said Tuesday.

  • June 02, 2026

    Stock Exchanges Seek Fixes To Fragmented Green Rules

    An international group of securities exchanges called on governments and regulators around the world on Tuesday to patch together fragmented regulations on sustainability to help ease the movement of capital across borders.

  • June 01, 2026

    UK Fintech OpenPayd To Go Public Via $1.15B SPAC Deal

    Allen Overy Shearman Sterling and Winston & Strawn LLP are steering a deal under which financial infrastructure platform OpenPayd will be acquired and taken public at an estimated equity value of $1.15 billion by Titan Acquisition Corp., a special purpose acquisition company purportedly focused on high-growth fintechs, the parties announced Monday.

  • June 01, 2026

    Investment Co. Says Insurer Must Pay £40M For Failed Claims

    A private investment company has sued an insurance company for more than £40 million ($53.8 million), alleging that it is entitled to payouts under thousands of after-the-event insurance policies linked to unsuccessful cavity wall insulation claims.

  • June 08, 2026

    Katten Hires Crowell Duo To Launch London Derivatives Team

    Katten Muchin Rosenman LLP has hired two new partners from Crowell & Moring LLP to launch a dedicated structured products and derivatives practice in London, the firm said Monday.

  • June 01, 2026

    Wise Faces AML Probe Over €500M Suspicious Transactions

    International fintech company Wise is under investigation over potential money laundering offenses after the business appeared in hundreds of criminal files involving more than €500 million ($581 million) in suspicious transactions, Belgian prosecutors said Monday.

  • June 01, 2026

    2 Men Worked 'As A Team' In Illegal Arms Deals, Jurors Told

    Two men "worked as a team" to illegally sell arms and military equipment to countries, including South Sudan, Libya and Syria, a prosecutor said in closing speeches of their trial Monday.

  • June 01, 2026

    Fintechs Say AI Rollout Is Slowed Most By Regulation

    Regulation may be the biggest factor holding back greater use of agentic artificial intelligence at financial technology companies such as digital-only banks, according to a report on the global financial technology sector published Monday.

  • June 01, 2026

    FCA Sets Annual Reporting Rules To Monitor Retail Banking

    The Financial Conduct Authority has set rules for a new annual reporting regime for banks to help it detect where the market for retail customers is not working well.

  • June 01, 2026

    Investor Caledonian Completes Acquisition Of Fintech Aspire

    Investment company Caledonian Holdings PLC said Monday that it has completed its purchase of financial technology firm Aspire for a nominal cash consideration, implying an enterprise value of £9.33 million ($12.5 million).

  • June 01, 2026

    Number Of Claims Firms Halved As FCA Tightens Oversight

    The number of claims management companies has plummeted by almost a half in the seven years since the Financial Conduct Authority took over supervision of the sector, official figures revealed Monday.

  • June 01, 2026

    Howden Ireland Unit Snaps Up Financial Adviser

    A unit of insurance broker Howden Group has bought Dublin-based financial adviser Opes Private Clients Ltd.

  • June 01, 2026

    2.8M UK Workers Could Cut Pensions Saving Under Tax Cap

    Almost three million workers are expected to cut back on pension contributions because of the government's plan to cap tax-free salary-sacrifice arrangements, official figures revealed on Monday.

  • May 29, 2026

    Barclays Enabled Concierge Sex-Trafficking Ring, Suit Says

    A California woman has filed a proposed class action against Barclays and its former CEO James "Jes" Staley, claiming that the bank and Staley facilitated and enabled a criminal enterprise tied to a luxury concierge company that trafficked, abused and exploited vulnerable young people.

  • May 29, 2026

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

    The past week in London has seen the billionaire who donated £5 million ($6.7 million) to Nigel Farage sue Ben Habib, the leader of far-right party Advance UK, for defamation; Mashreqbank bring claims against three subsidiaries of dissolved private equity giant Abraaj Group for commercial fraud; and the property and investment vehicle of the State of Kuwait be targeted by four real estate figures who filed a miscellaneous claim. Here, Law360 looks at these and other new claims in the U.K.

  • May 29, 2026

    Company Director Jailed For 8 Years Over Ponzi Forex Fraud

    A company director was imprisoned for just over eight years at an English criminal court Friday for his role in Ponzi-style foreign exchange investment fraud scheme worth almost £9 million ($12.1 million).

  • May 29, 2026

    AI Threats A Concern For Financial Services Pros, Report Says

    The rapid adoption of artificial intelligence across the U.K.'s financial services is creating a new set of systemic risks that regulators and companies struggle to contain, two professional bodies have warned in a new report.

  • May 29, 2026

    EU Insurers Propose Rule Changes To Boost VC Investment

    Insurance Europe has called for more harmonized regulation between European Union member states to persuade insurers to invest more money in risky venture capital, which would help make capital markets more competitive.

  • May 29, 2026

    Insurers Paid Out $105M For Rising UK M&A Claims

    Insurers paid out $105 million in 2025 on claims linked to corporate mergers and acquisitions, a broker has revealed, marking a steep rise from previous years.

  • May 29, 2026

    Addleshaw Goddard Steers £220M Church Pension Deal

    ​The Church of Scotland has completed a £220 million ($296 million) pension buy-in transaction with Just Group PLC, securing the retirement benefits of around 3,500 members, the financial services company said Friday.

  • May 29, 2026

    Nordic Lender Seeks $65M To Fund MedMera Bank Deal

    Swedish consumer finance lender Morrow Bank AB said Friday that it will launch a sale of new shares to raise approximately 600 million Swedish kronor ($65 million) to help to finance its acquisition of MedMera Bank AB.

  • May 28, 2026

    HSBC Defeats Most Claims In First Citizens' Poaching Suit

    A California federal judge has dismissed the bulk of First Citizens Bank & Trust Co.'s suit against HSBC alleging the latter induced a mass resignation and misappropriated trade secrets, saying the court still didn't have any jurisdiction over some defendants and that an amended complaint had not cured issues with a previously dismissed complaint.

  • May 28, 2026

    Ex-UBS Wealth Manager Sues Over Dismissal

    A former London-based wealth manager at UBS has sued the Swiss bank for unfair dismissal and discrimination.

Expert Analysis

  • What EU Securitization Proposals Signal For Risk Transfers

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    If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effect on significant risk transfer markets, providing greater consistency and necessary flexibility, say lawyers at McDermott.

  • Role Of UK Investment Act Is Evolving In M&A Deals

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    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of the National Security and Investment Act will come into sharper focus, and its recent annual report confirms that scrutiny is intensifying, say lawyers at Kingsley Napley.

  • What To Know About EU's Reimposition Of Sanctions On Iran

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    Lawyers at Steptoe discuss the European Union’s recent reimposition of trade and financial sanctions against Iran, which will introduce legal and operational constraints that affect EU companies' commercial activities in the region.

  • FCA Crypto Proposals Herald Tougher Oversight For Firms

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    The Financial Conduct Authority’s recent proposals to extend regulation to crypto-asset activities will bring parity, but implementation of the operational resilience requirements and enhanced financial crime controls will present compliance challenges, says Michelle Kirschner at Gibson Dunn.

  • EU Investment Reporting Rules Letup Signals Pragmatic Shift

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    While investment companies remain subject to far-reaching disclosure obligations under the Foreign Subsidies Regulation, new guidance from the European Commission on reporting passive limited partner commitments represents a drastic simplification and burden reduction, say lawyers at Paul Weiss.

  • SFO's 2-Year Transformation Signals Crackdown On Fraud

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    Two years after Nick Ephgrave’s appointment as director of the Serious Fraud Office, the introduction of new corporate criminal offenses and strengthened investigative methods sends a clear message to corporations that the agency is delivering on its promise to be bolder and more proactive about tackling fraud, say lawyers at BCL Solicitors.

  • What To Know About Interim Licenses In Global FRAND Cases

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    Recent U.K. court decisions have shaped a framework for interim licenses in global standard-essential patent disputes, under which parties can benefit from operating on temporary terms while a court determines the final fair, reasonable and nondiscriminatory terms — but the future of this developing remedy is in doubt, say attorneys at Fish & Richardson.

  • How EU And UK Consumer Loan Protections Are Shifting

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    As market evolution and digitalization motivate both the European Union and the U.K. to revamp consumer protections around lending, the potential for divergence between these rules will pose new challenges for cross-border consumer credit lenders, say lawyers at Skadden.

  • EBA Guidance Shakes Up EU Securitization Market Practices

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    Although the European Banking Authority’s recent questioning of the common use of conditional sale agreements to season assets when setting up securitizations has come as an unwelcome surprise, competent regulators are expected to follow the EBA guidance, even though as a Q&A response it is not legally binding, say lawyers at Debevoise.

  • Landmark VAT Ruling Should Shift HMRC Reply On Guidance

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    The recent decision in Hotelbeds Ltd. v. Revenue and Customs Commissioners on the recovery of input tax, confirming that HMRC is bound to comply with its own guidance, will make the agency rethink its usual response to allegations that the policy was not law, say lawyers at Kennedys.

  • Evolving General Partner Stakes Market Brings Opportunities

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    The rapid increase in investment in general partner stakes by private capital managers indicates its advantages over both strategic sales and initial public offerings, including the ability to retain greater operational control over the business and to avoid the scrutiny that accompanies a listing, says Nicholas Page at Macfarlanes.

  • How UK Proposal On Late Payments Could Affect SMEs

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    The U.K. government’s ongoing late payments consultation would claw back much-needed leverage for small and midsize enterprises negotiating with large organizations, should the reforms be implemented as proposed, say lawyers at Shoosmiths.

  • Waldorf Ruling Signals Recalibration For Restructuring Plans

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    The recent High Court landmark judgment refusing to sanction Waldorf Production PLC's restructuring plan underscores a change in the way courts assess whether such plans are fair, indicating not their demise but a pivotal moment in their evolution, say lawyers at Simpson Thacher.

  • Key Points From UK And Japan's Antitrust Cooperation Pact

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    The memorandum of cooperation recently signed between the U.K. and Japan to promote collaboration in competition law enforcement is a meaningful step that offers cross-border businesses an improved foundation for earlier alignment and better risk management, say lawyers at Steptoe.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

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    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

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