Financial Services UK

  • September 18, 2025

    Baker Botts Hires Dubai Aviation Team From White & Case

    Baker Botts LLP has hired an aviation finance and transaction team of three from White & Case for its Dubai office, as the firm continues to expand its energy, digital infrastructure, and technology-driven finance practices across the Middle East.

  • September 18, 2025

    Watchdog Weighing Rules Change On Offshore Reinsurance

    The U.K.'s financial watchdog said Thursday it is considering changes to regulation because it is worried about the threat posed by offshore risk transfer deals used by life insurers to meet surging demand from the pensions industry.

  • September 18, 2025

    Former JP Morgan Employee Revives Unfair Firing Claim

    A former member of staff at J.P. Morgan has revived his unfair dismissal claims against the bank, even though he withdrew them in "unequivocal terms," after an employment tribunal ruled that it was only fair because he was not represented and had made an error. 

  • September 18, 2025

    Gov't Told To Remove Barriers To UK Pension Investment

    The government should lower the barriers to investment faced by the U.K.'s £3.2 trillion ($4.4 trillion) pensions sector if it is to secure additional funding for the economy, a trade body has said.

  • September 18, 2025

    UK Faces Pensions Crisis As Millions Risk Retirement Penury

    Britain will have to radically rethink what retirement means, amid a growing number of warning signs that millions of savers will have to work longer and retire with less income than their parents, unless the government intervenes, pension experts have warned.

  • September 18, 2025

    Carter-Ruck Hired By CryptoQueen 'In Furtherance Of Fraud'

    Fugitive cryptocurrency scammer Ruja Ignatova instructed Carter-Ruck "in furtherance of fraud," and therefore legal filings linked to the prosecution by the Solicitors Regulation Authority of a partner at the law firm must be made public, a tribunal has ruled.

  • September 18, 2025

    UK Gov't Urged To Clarify Climate Plans For Pension Schemes

    The government must make its proposals for large companies and financial institutions to publish strategies for how they intend to align their businesses with global climate targets "clear, concise and relevant for pension schemes," a consultancy has said.

  • September 18, 2025

    Allied World Denies Liability In £3M 'Ponzi Scheme' Dispute

    An insurer has argued that it does not have to indemnify the liquidators of the business behind an investment plan for more than £3 million ($4 million), arguing there is no evidence that the investment was a Ponzi scheme.

  • September 18, 2025

    FCA Drops Property Group Probe Despite £55M Client Losses

    The financial regulator has ended an investigation into property development investments that lost clients about £55 million ($75 million), deciding that the risk of no returns was fairly put to customers.

  • September 18, 2025

    US Payments Biz Has 'Makecents' TM Revoked For Non-Use

    European officials have ruled in favor of Dutch financial technology company UpToMore, stripping an American competitor's trademark for "makecents" after it failed to prove that it had been used for computer software and bank transactions.

  • September 18, 2025

    Former SFO Case Controller Joins Boutique Law As Partner

    A former case controller at the Serious Fraud Office has joined criminal and regulatory specialist firm Boutique Law LLP as a partner.

  • September 18, 2025

    Lender Amigo To Become A Cash Shell, Seeks Takeover

    Amigo Holdings PLC has said that it will become a company with only cash assets and seek a reverse takeover target after making progress on the planned liquidation of its troubled subprime lending arm.

  • September 17, 2025

    William Fry Adds Eversheds Ireland Corporate Team Of 12

    William Fry LLP said Wednesday it has hired a 12-strong corporate and mergers and acquisitions team from Eversheds Sutherland Ireland, as the Dublin-based firm takes steps to bolster its practice months after a planned merger collapsed.

  • September 17, 2025

    Funder Says Businessman Colluded To Overturn Asset Case

    A litigation funder told a London court on Wednesday that a businessman should not be allowed to participate in proceedings seeking to enforce an asset recovery judgment, because he allegedly improperly colluded with a convicted fraudster to overturn the outcome of past litigation.

  • September 17, 2025

    FCA Unveils Tough Proposed Rules For Crypto Firms

    The Financial Conduct Authority set out Monday its proposed crypto-assets regulatory regime, with some wider reach than its rules for other sectors like banking or insurance to address technological exposures.

  • September 17, 2025

    Watchdog Floats New Enforcement Plan Amid Oversight Shift

    Britian's retirement savings watchdog has said it plans to become a more proactive regulator through a new strategy it hopes will make enforcement "smarter, more strategic and more impactful."

  • September 17, 2025

    Ex-Consultancy Execs Liable For £2.4M Over Misleading Sale

    A Birmingham court has ordered the former owners of a technology consultancy to pay more than £2.4 million ($3.3 million) in damages for selling the company under the misleading impression that some of its client contracts were more profitable than they really were.

  • September 17, 2025

    Banks Call On BoE To Ease Capital Rules That Harm Lending

    Senior bank officials told a parliamentary committee on Wednesday that U.K. regulations requiring banks to hold too much capital against lending are driving away business, and that the Bank of England should ease the unnecessary burden to restore the competitive landscape.

  • September 17, 2025

    Pensions Watchdog Sharpens Focus On Professional Trustees

    The Pensions Regulator said Wednesday that it will continue with its plans to strengthen oversight of the professional trustee sector, after it emerged that 80% of the market was controlled by just four providers.

  • September 17, 2025

    Spanish Online Bank Can't Void Insurance Brokerage's EU TM

    A Spanish online bank has lost its attempt to void an insurance brokerage's "Insurance Advisors Associated" trademark, failing to convince European Union officials that there is a risk of confusion with its earlier registrations.

  • September 17, 2025

    Fox Williams Sues Fintech Biz For £130K Unpaid Legal Fees

    Fox Williams LLP has sued a financial technology company at a London court, alleging that it refused to pay fees incurred in an employment dispute with a former employee, according to filings that are now public.

  • September 16, 2025

    Merrill Lynch Proves Tribunal Claim Barred By Settlement

    Merrill Lynch has persuaded a tribunal to toss a former employee's discrimination claim under a settlement he inked when he exited the company, proving that he did not sign the agreement under duress.

  • September 16, 2025

    Insurer Can't Duck $6M Bond Payout Over Ghana Power Plant

    A London court ordered a Ghanaian insurance company on Tuesday to pay a subsidiary of Greek industrial conglomerate Metlen almost $6.3 million for wrongly refusing to pay up under a bond the insurer claimed was obtained by fraud.

  • September 16, 2025

    Pension Pot Withdrawals Surged Nearly 36%, FCA Says

    Savers in Britain withdrew £70.9 million ($96.8 million) from their pension pots in the financial year that ended in March, data published by the Financial Conduct Authority on Tuesday shows, amid suggested concern over government plans to amend tax rules linked to retirement pots.

  • September 16, 2025

    Let Banks Skip Basel Capital Rules, Trade Body Urges BoE

    The Association for Financial Markets in Europe has said that the Bank of England's regulatory arm should allow U.K. finance firms to temporarily opt out of some changes to Basel capital requirements to avoid uncertainty about compliance and risks to competitiveness.

Expert Analysis

  • Review Of EU Cross-Border Merger Regs' Impact On Irish Cos.

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    Looking back on the year since the European Union Mobility Directive was transposed into Irish law, enabling Irish and European Economic Area limited liability companies to participate in cross-border deals, it is clear that restructuring options available to Irish companies with EU operations have significantly expanded, say lawyers at Matheson.

  • A Look At UK, EU And US Cartel Enforcement Trends

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    The European Union, U.K. and U.S. competition agencies' recently issued joint statement on competition risks in generative artificial intelligence demonstrates increased cross-border collaboration on cartel investigations, meaning companies facing investigations in one jurisdiction should anticipate related investigations in other jurisdictions, say lawyers at Latham & Watkins.

  • Testing The Limits Of English Courts' Pro-Arbitration Stance

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    Although the Court of Appeal recently upheld a $64 million arbitration award in Eternity Sky v. Zhang, the judgment offers rare insight into when the English courts’ general inclination to enforce arbitral awards may be outweighed by competing policy interests such as consumer rights, say Declan Gallivan and Peter Morton at K&L Gates.

  • What Green Claims Directive Proposal Means For Businesses

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    With the European Union’s recent adoption of a general approach to the proposed Green Claims Directive, which will regulate certain environmental claims and likely be finalized next year, companies keen to publicize their green credentials have even more reason to tread carefully, say Marcus Navin-Jones and Juge Gregg at Crowell & Moring.

  • £43M Legal Bill Case Shows Courts' View On Exchange Rates

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    A recent Court of Appeal decision declined to change the currency used for payment of the Nigerian government's legal bill, aligning with British courts' consensus that they should not be concerned with how fluctuating exchange rates might benefit one party over another, says Francis Kendall at Kain Knight.

  • Examining The EU's New Payments Services Package

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    Following recent European Parliament elections, the spotlight is turning to the highly anticipated payments services package expected in September, marking a pivotal moment in the legislative process that will reshape the payment services ecosystem in the European Union, says Kristýna Tupá and Karolína Hlavinková at Schoenherr.

  • Examining The State Of Paccar Fixes After General Election

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    Following the U.K. Supreme Court's Paccar decision last year, which made many litigation funding agreements for opt-out collective actions in the Competition Appeal Tribunal unenforceable, the judiciary will likely take charge in implementing any fixes — but the general election has created uncertainty, says Ben Knowles at Clyde & Co.

  • EU Reports Signal Greenwashing Focus For Financial Sector

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    Reports from the European Supervisory Authorities on enforcement of sustainability information, plus related guidance issued by the European Securities and Markets Authority, represent a fundamental change in how businesses must operate to maintain integrity and public trust, say Amilcare Sada and Matteo Fanton at A&O Shearman.

  • Opinion

    Without Change, Fighting Fraud Is A Losing Battle For The UK

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    To successfully fight fraud cases in the U.K. — like the Russian Coms scam recently shut down by the National Crime Agency — it is clear there needs to be significant investment in recruiting and training expert investigators, and meaningful engagement between the country’s intelligence platforms, says Anthony Hanratty at Howard Kennedy.

  • Embedding Consumer Duty: 6 Areas Firms Should Prioritize

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    The Financial Conduct Authority has repeatedly emphasized that complying with the Consumer Duty is not a tick-box exercise but an ongoing responsibility, so firms need to show that the duty is at the heart of their practices by staying compliant in areas from cultural change to customer vulnerability, say Nicola Higgs and Becky Critchley at Latham.

  • 2 UK Rulings Highlight Persistent Push Payment Fraud Issues

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    Two recent High Court decisions, Larsson v. Revolut and Terna DOO v. Revolut, demonstrate that authorized push payment fraud continues to cause headaches for consumers and financial institutions alike, and with forthcoming mandatory reimbursement requirements, more APP fraud litigation can be expected, say lawyers at Charles Russell.

  • Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling

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    The Second Circuit’s 2021 decision in U.S. v. Bescond, holding that a French resident indicted abroad did not meet the legal definition of a fugitive, deepened a circuit split on the fugitive disentitlement doctrine, and courts continue to grapple with the doctrine’s reach and applicability, say attorneys at Lankler Siffert.

  • Key Points From UK Prospectus Regime Reform Consultation

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    The Financial Conduct Authority's current consultation on U.K. prospectus regime reform proposals, including when a prospectus will be required and the requirements concerning content, is designed to enhance the attractiveness of the U.K.'s capital markets, say lawyers at Sullivan & Cromwell.

  • Why NCA's 1st Seizure Of Sanctioned Funds Is Significant

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    The National Crime Agency’s recently secured forfeiture of a Russian oligarch's sanctioned funds was a landmark achievement, and is particularly notable because it was made under the Proceeds of Crime Act, illustrating how U.K. authorities can coordinate their respective powers to confiscate assets, says Lindsey Cullen at WilmerHale.

  • Takeaways From New FCA Rules On Research Payments

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    The Financial Conduct Authority’s recently published final rules on payment optionality for investment research, which involve a client disclosure obligation option, will be welcome news for U.K. managers who buy investment research from U.S. brokers, and for global asset management groups, says Anna Maleva-Otto at Schulte Roth.

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