Financial Services UK

  • May 14, 2026

    Scottish Widows Says 12M UK Adults Face Pension Poverty

    Approximately 12.2 million people in the U.K. risk being unable to afford even a basic standard of living in retirement, according to pensions provider Scottish Widows.

  • May 14, 2026

    Gov't Taps New Chair For Pensions Compensation Fund

    The government has appointed Joanne Segars to chair the Pension Protection Fund at a time when the compensation organization is facing calls for reform amid a £14 billion ($18.9 billion) surplus.

  • May 13, 2026

    Crispin Odey Settles Several Women's Sex Assault Claims

    Crispin Odey has settled sexual assault claims brought against him by several women, a month after he dropped his £79 million ($107 million) libel claim against the Financial Times over articles which brought the allegations to public attention.

  • May 13, 2026

    Carta Buys AI-Native Law Firm Avantia To Target PE Market

    U.S.-based private markets fintech company Carta said Wednesday that it has acquired U.K. law firm Avantia Law Ltd. in a move that enables it to offer artificial intelligence-powered legal and compliance services to private equity and venture capital firms.

  • May 13, 2026

    UK Gov't Plans Bills For Closer EU Links, Financial Reforms

    New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.

  • May 13, 2026

    Diamond Tycoon Denies Family Ran Firms In $1B Gold Fraud

    A diamond and jewelry tycoon accused of swindling more than $1 billion from banks has denied controlling various businesses that carried out the Indian gold bullion fraud, as he testified on Wednesday at the trial brought by the liquidators of U.K. companies.

  • May 13, 2026

    Gov't Unit Targets £99B Australian Pension Fund Investment

    The British government has launched a project designed to attract around £99 billion ($133.8 billion) of Australian pension fund investment over the next decade as part of its broader bid to direct retirements savings capital toward the U.K.

  • May 13, 2026

    FCA Probes How Investment Firms Handle Bereaved Clients

    The Financial Conduct Authority said on Wednesday that it has launched a review into investment firms to establish whether they are doing enough to support clients going through bereavement after a poll showed that fewer than half were given adequate support.

  • May 13, 2026

    UK Pension Funding Drops Again Amid Wider Volatility

    The overall surplus of U.K. retirement saving programs fell by £5.3 billion ($7.2 billion) in April as continuing market volatility pushed down funding for the second month in a row, the Pension Protection Fund has said.

  • May 12, 2026

    MFS Owner Accused Of 'Plundering' £1.3B For Lavish Lifestyle

    The administrators of Market Financial Solutions have accused the collapsed lender's owner of systematically plundering £1.3 billion ($1.8 billion) in a "widescale" fraud to fund his "lavish lifestyle."

  • May 12, 2026

    Deutsche Bank Can Question Billionaire In $360M Debt Fight

    Deutsche Bank can seek to force Monaco-based billionaire Alexander Vik to answer questions about his company's assets to help claw back debt exceeding $360 million, after a London appeals court ruled Tuesday it does have the power to issue such an order.

  • May 12, 2026

    VTB Can't Lift Block On $156M JPMorgan Russian Funds Case

    VTB Bank has lost its bid to lift an injunction that blocks it from bringing a $156 million case against JPMorgan in Russia over frozen funds, with a London appeals court upholding a ruling that the claim was "vexatious and oppressive."

  • May 12, 2026

    Farmers Can't Challenge UK Inheritance Tax Relief Cut Plans

    Two Cambridgeshire farmers and a campaign group can't challenge the U.K. government's plans to slash inheritance tax relief for farms on the grounds that there should have been a public consultation before the proposals were announced, a London court ruled Tuesday.

  • May 12, 2026

    New Liability Rules Put Businesses In Uncharted Territory

    New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.

  • May 12, 2026

    Ex-Privatbank Owners Say Payments Erased $3B Fraud Loss

    The former owners of PrivatBank urged an appeals court on Tuesday to overturn a finding that they owe the Ukrainian lender $3 billion, arguing that a later repayment to the bank "extinguished" the loss resulting from their fraudulent loan recycling scheme.

  • May 12, 2026

    FCA Bans, Fines Pensions Advisory Director For Misconduct

    The Financial Conduct Authority said on Tuesday that it has fined a pensions adviser £755,000 ($1 million) and banned him from working in financial services in Britain for acting without integrity and putting customers at risk for personal gain.

  • May 12, 2026

    Gov't Clarifies Inheritance Tax Rules On Pension Wealth

    The government has issued a statement clarifying how it wants pension wealth to be brought into the scope of inheritance tax next year.

  • May 12, 2026

    Pensions Watchdog Floats New 5-Year Strategy

    The Pensions Regulator has opened a consultation on a refreshed corporate strategy that will guide its work over the next five years, as the pensions market is set to undergo major changes through the Pension Schemes Act 2026.

  • May 12, 2026

    Swiss Watchdog Eyes Tighter AML Controls On Ownership

    The Swiss financial markets watchdog released plans on Tuesday to tighten up its anti-money laundering rules, with new measures that would require banks, insurers and investment funds to understand the ownership and control structure of the customer.

  • May 12, 2026

    4 Firms Guide Bank's Sale Of Truck Finance Biz To Stonepeak

    Bank of Montreal said Tuesday that it has agreed to sell its specialized transportation and vendor-focused financing business to investment firm Stonepeak Partners LP for an amount that it did not disclose.

  • May 12, 2026

    2 Former Carillion Execs Banned For Misleading Statements

    The accounting watchdog said Tuesday that it has banned two former finance directors of Carillion PLC from working in the profession for their reckless preparation of financial statements for the construction business, which is in liquidation.

  • May 11, 2026

    India Fights To Block $273M Failed Metals Scheme Arbitration

    India fought on Monday to block a UAE investment fund's $273 million claim over a collapsed aluminum production scheme, arguing at a London appeals court that an arbitration tribunal does not have jurisdiction to hear the case.

  • May 11, 2026

    Hermes Denies 'Existential Gamble' On Wind Farm Investment

    The managers of a Scottish local authority's pension fund denied that their decision to invest £104 million ($142 million) in a portfolio of Swedish wind farms was an "existential gamble," saying that the claim is "based entirely on hindsight."

  • May 11, 2026

    EU Watchdog Flags Oversight Gaps At Fund Managers

    The European Union's markets regulator said Monday that it has found poor compliance and senior management oversight at many European fund managers after it carried out a common supervisory action.

  • May 11, 2026

    Ex-Stockbroker Sentenced To Extra 499 Days In Prison

    A former stockbroker convicted for money laundering has been sentenced to a further 499 days in prison for failing to fully repay money owed under a confiscation order, the Financial Conduct Authority has said.

Expert Analysis

  • 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.

  • Why EU's FDI Screening Proposals Require Careful Balance

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    The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.

  • OFSI Proposals Signal Greater Focus On Enforcement Activity

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    The Office of Financial Sanctions Implementation’s proposed financial sanctions reforms, with risks of higher penalties and more stringent disclosure requirements for U.K. banks and companies, reflect the agency’s evolution into a more sophisticated and robust enforcement regulator, says Irene Polieri at Gibson Dunn.

  • How Restructuring Reforms Will Streamline Insolvency Plans

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    The recently published revised practice statement on schemes of arrangement and restructuring plans promises midmarket businesses efficiency without diluting safeguards, positioning schemes as inclusive tools rather than elite options, say lawyers at Addleshaw Goddard.

  • How 2nd Circ. Decision Extends CFTC's Extraterritorial Reach

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    The Second Circuit recently concluded in U.S. v. Phillips that the Commodity Exchange Act extends to entirely foreign conduct if a victim of the conduct is based in the U.S., suggesting there is a heightened risk that foreign swap transactions will be susceptible to U.S. regulation when U.S. counterparties are involved, say attorneys at Skadden.

  • EBA Proposals Signal Overhaul Of EU 3rd-Party Risk Rules

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    The European Banking Authority’s plans to extend third-party risk controls to non-ICT services, which may be finalized by the end of the year, will place a significant compliance and operational burden on in-scope entities, which should not be underestimated, say lawyers at Travers Smith.

  • FCA Proposals Reduce Consumer Duty Compliance Burden

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    The Financial Conduct Authority’s recent proposals to streamline the consumer duty regime represent a pragmatic response to industry concerns, with a move toward sector-specific supervision and potentially narrowing its scope for wholesale and cross-border business, say lawyers at Simmons & Simmons.

  • How New Companies House ID Rules Affect Businesses

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    Lawyers at Shepherd & Wedderburn discuss the Economic Crime and Corporate Transparency Act’s new mandatory identity verification requirements for all company directors and persons with significant control, set to go live next week, which aim to curb fraud by improving the reliability of information held by Companies House.

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