Financial Services UK

  • May 28, 2026

    FCA Flags Weak Sanctions Controls At Financial Firms

    The Financial Conduct Authority warned regulated financial businesses Thursday they must do more to prevent financial and trade sanctions breaches after it found some weak systems and controls in a review.

  • May 28, 2026

    MFS Boss Can Sell £1.6M Cars Amid £1.3B Fraud Case

    The owner of a now-collapsed mortgage lender accused of systematically plundering £1.3 billion ($1.75 billion) has been granted permission to sell cars including a Ferrari and several Rolls-Royces, according to a court order.

  • May 28, 2026

    Local Gov't Pension Scheme Employer Rates Down 22%

    U.K. employer contribution rates for the public sector retirement savings plan have dropped by around 22%, amid an improvement in financing levels, an industry body has said.

  • May 28, 2026

    KC Accused Of Dodging £2M Tax Bill Believed Plan Was Legal

    A senior tax barrister accused of cheating HM Revenue and Customs out of nearly £2 million ($2.7 million) genuinely believed he was using a legal tax strategy, his defense counsel told jurors at his criminal trial in London on Thursday. 

  • May 28, 2026

    BDO Fined £1.3M Over 'Significant' Breaches In NMCN Audit

    The audit watchdog said Thursday that it has fined BDO LLP £1.33 million ($1.78 million) and an audit partner almost £50,000 for serious breaches of rules in their audit of the 2019 annual financial statements of construction group NMCN.

  • May 28, 2026

    Half Of Large Pension Funds Pick Running On Over Buyout

    Half of the U.K.'s largest pension funds with assets of more than £1 billion are considering running on rather than striking an insurance deal, a broker said on Thursday.

  • May 28, 2026

    UK Pension Providers Urged To Improve Cyber Defenses

    The growing threat posed by cybercriminals must be met with urgency by Britain's pension plans to ensure the sector is resilient and alive to wide-ranging legal and financial risks, the Pensions Management Institute said Thursday.

  • May 27, 2026

    Abraaj Units Sued For Commercial Fraud By Former Lender

    Mashreq, a former major lender to the collapsed private equity giant Abraaj Group, has sued three Abraaj entities after a London court upheld the bank's claim to a disputed $37 million debt assigned as security for a 2017 loan extension.

  • May 27, 2026

    Property Co. Says 'Praxis' TM Confusion Led To Bad Reviews

    A real estate management company has accused a rival of infringing its "Praxis" trademark, telling a London court that unhappy apartment block residents were confused by the brands and had written negative online reviews against the wrong company about rats and damp. 

  • May 27, 2026

    Pension Surplus Extraction May Fall Short Of Gov't Hopes

    The total value of pension surpluses released under new reforms could be much lower than the £160 billion ($215 billion) figure originally touted by the government, a think tank said Wednesday.

  • May 27, 2026

    FCA Monitoring Product Promotions For Misleading Pitches

    The Financial Conduct Authority warned Wednesday that some companies are failing in their responsibilities by approving adverts that are released by non-FCA regulated businesses.

  • May 27, 2026

    Mayer Brown-Led Royal London Guides £42M Pension Deal

    Insurance giant Royal London said Wednesday that it has picked up £42 million ($56.5 million) in pension liabilities from jeweler F.Hinds, in a deal advised by Addleshaw Goddard LLP and Mayer Brown LLP.

  • May 27, 2026

    AML Failures Shouldn't Bar Senior Managers, EU Banks Warn

    The Association for Financial Markets in Europe has warned that rules proposed by the EU's banking watchdog must not lead to national regulators finding senior managers unsuitable because of anti-money laundering failings at the company level.

  • May 27, 2026

    Pinsent Masons Steers Insurer's £36M Pension Scheme Buy-In

    HSB UK & Ireland has completed a £36 million ($48.4 million) full-scheme buy-in transaction, securing the retirement benefits of 319 members of the insurance provider's program, Canada Life said Wednesday.

  • May 27, 2026

    Saudi Investor Sues Irish Finance Co. Over $5M Loan Default

    A Saudi investor has sued an Irish consumer loan and microfinancing company over an unpaid $5 million convertible loan.

  • May 27, 2026

    Osborne Clarke Lands Scandi Airline's £62M Pension Deal

    Scandinavian Airlines has completed a pension buy-in transaction worth £61.8 million ($831 million) for a staff retirement savings plan, securing the benefits of 708 members, Just Group PLC said Wednesday.

  • May 26, 2026

    Revolut Hits Back At Marketer's Fraud Payments Claim

    Revolut has hit back at a tech marketing company's claim against it over transactions made by someone impersonating the online finance company's fraud team, saying that the company had negligently failed to keep its account secure.

  • May 26, 2026

    Metro Bank Investors Urged To Reject Exec Bonus Windfall

    A proxy advisory company has urged investors in Metro Bank to vote down aspects of the lender's pay report, including a sizable top executive bonus program that is "significantly out of line with market standards."

  • May 26, 2026

    Exchange Body Sets Rules For Cos. To Classify As Green

    A global exchange association set out rules on Tuesday for how stock exchanges should classify listed companies in the transition toward a green economy.

  • May 26, 2026

    UK Hits Russian Crypto Networks With New Sanctions

    The government announced a new round of sanctions on Tuesday, aimed at stopping Russia from using cryptocurrency networks and foreign financial systems to evade financial and trade restrictions imposed as a result of the Ukraine war.

  • May 26, 2026

    FRC Finalizes Virgin Media Ruling Pensions Guidance

    Britain's accounting watchdog has published finalized guidance for how pension plans should comply with the findings of a landmark court judgment.

  • May 26, 2026

    Lessor Sues For $28M Jet After Betting Probe Delays Payment

    A Turkish aircraft lessor has sued a property finance company after it allegedly refused to hand over a $27.7 million private jet, this after the arrest of the lessor's former chairman over a football gambling probe delayed payment for the plane.

  • May 26, 2026

    HSBC Can't Dodge Ex-Employee's Claim Over WFH Penalty

    A tribunal has ruled that HSBC must face a claim that it discriminated against a former employee during her menopause by disciplining her for working from home when she was experiencing migraines.

  • 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.

Expert Analysis

  • 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.

  • Key Trends Shaping ESG And Sustainability Law In 2026

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    2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.

  • Digital Regulation In EU And UK: The Enduring 2025 Themes

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    With EU and U.K. digital regulation becoming an operational reality in 2025 and no sign of slowing in 2026, organizations need to embed content moderation, cybersecurity and data access obligations into their compliance structures, although legislative divergences mean that multinational businesses must also consider parallel and sometimes conflicting expectations, say lawyers at Morrison & Foerster.

  • FCA Enforcement Trends In 2025 And Expectations For 2026

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    The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.

  • Judicial AI Guidance Update Shows Caution Still Prevails

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    The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.

  • Freezing Orders Maintain Their Impact 50 Years On

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    Freezing orders, created in Mareva v. International Bulk Carriers 50 years ago, are now a fundamental part of English and Welsh law and a significant weapon in the litigator's armory, considered indispensable by practitioners seeking to obtain enforceable judgments and interlocutory relief on behalf of their clients, say lawyers at Trowers and Hamlins.

  • EU Businesses Face Uncertainty Amid Sustainability Reforms

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    The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for European businesses, and although the long-awaited scaled-back obligations will provide clarity, a balance between not overburdening reporting companies and the need for data to make sustainable investments must be found, say lawyers at Peters & Peters.

  • How Russia Sanctions Trajectory Is Affecting UK Legal Sector

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    The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.

  • Tracking Crypto-Asset Tax Rules In 2025 And Beyond

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    The past year has seen an increasing amount of regulation in the crypto-asset space, with a range of novel and complex taxation challenges for regulators, and taxpayers can expect a marked increase in HM Revenue & Customs' compliance activity in the year ahead, says Liam McKay at RPC.

  • Navigating Legal Privilege Issues When Using AI

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    The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

  • A Look At Factors Affecting Ombudsman Complaint Trends

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    Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.

  • What To Know About FCA's Short Selling Regime Proposals

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    Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.

  • How BoE Stablecoin Proposals May Reshape UK Payments

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    The Bank of England’s proposals for a sterling-denominated systemic stablecoin system amount to a substantial new regime, but it has a low-risk appetite for any change that would result in payment obligations migrating to a private stablecoin ledger and its tentativeness toward wholesale settlement is disappointing, say lawyers at Norton Rose.

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