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Financial Services UK
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January 07, 2026
Trustees Urged To Review Pension Plan Objectives
Pension plan trustees should review their long-term objectives and evolve their strategies accordingly ahead of a year set to be marked by continued change in the retirement savings landscape, Lane Clark & Peacock LLP has said.
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January 07, 2026
Aircraft Co. Settles $44M Claim Over Plane Stranded In Russia
An aircraft leasing company and two others have reached a settlement with a dozen reinsurers that they claimed should cover for the $44 million loss of a plane leased to a Russian airline and stranded after the country's invasion of Ukraine.
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January 07, 2026
Saba Capital Queries Investment Trust Cut In SpaceX Stake
U.S. hedge fund Saba accused Edinburgh Worldwide Investment Trust's board of failing to act in shareholders' interests in an open letter on Wednesday, following a sharp reduction in the trust's holding in SpaceX just weeks before a major revaluation of the rocket company.
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January 07, 2026
Ex-Jefferies Banker To Face 2028 Trial For Insider Dealing
A former Jefferies International adviser and his alleged associate denied committing insider dealing to make £70,000 ($94,000) from the £969 million takeover of a real estate investment trust when they appeared at a London court on Wednesday.
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January 07, 2026
2 Former Carillion Execs Fined Over Misleading Statements
The Financial Conduct Authority said Wednesday that it has fined two former finance directors of international construction company Carillion PLC, which is in liquidation, for their part in its misleading statements to the markets.
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January 13, 2026
Latham & Watkins Adds 3 A&O Shearman Pros In London
Latham & Watkins LLP said Tuesday that it has hired three finance partners from A&O Shearman in London, taking to 14 the number of lawyers who have joined its ranks from its rival since June.
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January 06, 2026
The Top Non-SFO Financial Crime Trials To Watch In 2026
A major corruption trial against Nigeria's former oil minister, a tax fraud case against a prominent barrister and the prosecution of two men over a cyberattack on London's transport network are among the biggest white-collar cases in 2026 not brought by the Serious Fraud Office.
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January 06, 2026
Barclays Settles $643K Fraud Detection Failure Claims
Barclays Bank PLC has settled a $643,000 claim from a Singaporean fire safety company that alleged the bank negligently failed to prevent an elaborate fraud that duped the fire safety business into transferring funds to criminals.
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January 06, 2026
EU Watchdog Flags Widespread Fund Rule Violations
The European Union's markets watchdog warned Tuesday that fund managers are frequently breaching rules governing the marketing of funds three years after requirements were put in place for a more harmonized approach and four years after guidelines were issued.
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January 06, 2026
BNP Paribas Estate Agent Faces £8M Negligence Case
Strutt & Parker, an estate agent owned by BNP Paribas, is facing an £8 million ($10.8 million) claim from the trustees of farm land who allege the company and a surveyor negligently undervalued the property, leading to a sale at a significant loss.
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January 06, 2026
More UK Adults Would Prioritize Pension Savings In 2026
The number of working Britons who would increase their pension contributions in 2026 if they reviewed their retirement savings increased by nine percentage points over 2025 in the biggest year-on-year shift in pension behavior, a survey has found.
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January 06, 2026
Broadstone Helped Steer Record £500M Pension Deals In 2025
Financial services consultancy Broadstone said Tuesday that it helped to steer 36 pension deals worth a record £508 million ($687 million) in 2025, taking the total of transactions completed through its SM&RT Insure service to more than £1 billion.
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January 06, 2026
US Investor Amends Terms Of £340M Buy Of Tech Biz Idox
U.S. investment firm Long Path Partners has said it will change the mechanism used in its £339.5 million ($460 million) buyout of U.K.-based government software company Idox PLC in order to make it easier for the deal to go ahead.
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January 05, 2026
FCA Renews Its UK-EU Derivatives Trading Venue Flexibility
The Financial Conduct Authority said Monday it has renewed for six months temporary rules allowing U.K. businesses to trade over-the-counter derivatives with European Union clients on EU trading venues, without mutual equivalence.
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January 05, 2026
Grosvenor Law Unveils White-Collar Practice With New Lead
Grosvenor Law revealed on Monday that it has appointed Chris Roberts as partner to spearhead its new white-collar crime and investigations team.
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January 05, 2026
Pensions Body Voices Fears Over Superfund Lifeboat Levy
Proposals by the pensions lifeboat body to continue charging a levy to superfunds do not reflect the risks posed in the emerging sector and stops the funds benefiting from the zero charge applied to other schemes, a retirement savings provider said Monday.
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January 05, 2026
Lupton Fawcett Beats Investment Groups' £68M Ponzi Claim
Lupton Fawcett has beaten an attempt by the administrators of property investment companies to revive a £68 million ($92 million) negligence case over a Ponzi scheme, as an appeals court ruled on Monday that they would have suffered loss regardless of the firm's advice.
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January 05, 2026
Bridgepoint In Talks To Acquire Interpath Majority Stake
Financial advisory company Interpath Ltd. said on Monday that investor Bridgepoint Group is involved in exclusive negotiations for funds it manages to acquire a majority stake in Interpath's business.
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January 05, 2026
Divorced Women Face 61% Pension Gap In UK
Divorced women in the U.K. retire with substantially smaller pension savings than their male counterparts, highlighting a deepening "pension gap" tied to marriage and lifetime earning patterns, a consultancy said on Monday.
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January 05, 2026
EU Watchdog Starts Selecting OTC Derivatives Tape Provider
The European Union's financial markets watchdog launched a process on Monday to select a consolidated tape provider for over-the-counter derivatives in a move designed to boost market transparency.
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January 05, 2026
Simpson Thacher-Led PE Firm To Buy Debt Manager Stake
Oakley Capital Investments Ltd. said Monday that Oakley Capital Fund VI has agreed to acquire a majority stake in finance specialist Global Loan Agency Services to expand the private equity firm's presence in a growing market.
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January 05, 2026
Ex-Fund Director Faces 2028 Trial Over £20M Fraud
A former investment fund director accused of perpetrating a long-running fraud worth up to £20 million ($27 million) will stand trial in 2028, a judge said Monday.
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January 05, 2026
UK Pensions Deal Market Could Hit Record £55B In 2026
Pension deals in the U.K. could hit a record £55 billion ($74 billion) in 2026 if favorable pricing continues amid a rise in acquisitions among some of the biggest insurers in the sector, Lane Clark & Peacock LLP said Monday.
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January 05, 2026
FCA Expected To Boost Fines, Name More Companies In 2026
The Financial Conduct Authority is likely to step up its enforcement action in 2026 with higher fines and more readiness to name companies under investigation, bolstered by a landmark High Court rejection of a challenge to such a naming decision.
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January 02, 2026
What To Expect From The Competition Appeal Tribunal In 2026
With a new president at the helm, potential government reform and a crowded trial calendar, lawyers say the next 12 months will see a Competition Appeal Tribunal with a more disciplined judicial culture.
Expert Analysis
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Review Of EU Cross-Border Merger Regs' Impact On Irish Cos.
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.
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A Look At UK, EU And US Cartel Enforcement Trends
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.
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Testing The Limits Of English Courts' Pro-Arbitration Stance
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.
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What Green Claims Directive Proposal Means For Businesses
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.
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£43M Legal Bill Case Shows Courts' View On Exchange Rates
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.
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Examining The EU's New Payments Services Package
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.
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Examining The State Of Paccar Fixes After General Election
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.
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EU Reports Signal Greenwashing Focus For Financial Sector
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.
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Opinion
Without Change, Fighting Fraud Is A Losing Battle For The UK
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.
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Embedding Consumer Duty: 6 Areas Firms Should Prioritize
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.
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2 UK Rulings Highlight Persistent Push Payment Fraud Issues
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.
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Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling
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.
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Key Points From UK Prospectus Regime Reform Consultation
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.
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Why NCA's 1st Seizure Of Sanctioned Funds Is Significant
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.
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Takeaways From New FCA Rules On Research Payments
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.