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Insurance UK
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October 27, 2025
Finance Sector Asks BoE To Clarify Settlement Extensions
A financial trade body warned the Bank of England on Monday to clarify its roadmap for extending settlement times on high-value CHAPS payments and to improve technical support if the system is to work.
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October 27, 2025
UK Civil Service Pension Plan Marked By 'Successive Failures'
The Cabinet Office has not effectively managed the outsourced administration of the Civil Service Pension Plan, a parliamentary committee has found, ruling that the government has "successively" failed in its oversight of the scheme.
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October 27, 2025
Slaughter & May-Led L&G Seals £4.6B Ford Pension Buy-Ins
Legal & General said Monday it has completed a £4.6 billion ($6.1 billion) buy-in of two pension plans for motor manufacturer Ford, taking on liability for the retirement benefits of more than 35,000 members.
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October 27, 2025
Asset Managers Oppose EU Centralized Supervision
A trade body warned Monday that proposals by the European Union to centralize regulation of asset managers would prove ineffective or add complexity without improving the current passporting regime.
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October 27, 2025
Insurance Staffer Loses Reconsideration Bid Over Resignation
An employment tribunal has rejected a bid by an executive assistant to have a ruling that found an insurance broker did not force her to resign reconsidered because there is "no reasonable prospect" of the judgment being varied or revoked.
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October 24, 2025
MPs Warn Gov't Against Cutting £20K Cash ISA Limit
Government plans to place limits on cash individual savings accounts are unlikely to push savers to put their money in stocks, a cross-party group of MPs warned on Saturday, as Britain seeks to boost equity investment to fuel corporate activity.
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October 24, 2025
Fraud Cost UK Victims £629M In 1st Half Of 2025, Study Finds
U.K. fraudsters stole £629.3 million ($836.3 million) in the first half of 2025, marking a 3% rise from the same period in 2024, according to a U.K. financial trade body's midyear fraud report, published Friday.
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October 24, 2025
UK Regulators Launch Unit To Help Finance Firms Scale Up
The British government on Friday unveiled a new unit to help high-potential financial firms navigate regulatory challenges and "cut through the noise," steered by the country's top regulators.
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October 24, 2025
Evergreen Marine Sues Lloyd's In $725K Cargo Payment Row
The owners and operators of the container ship Ever Forward, which ran aground after leaving Baltimore in 2022, have sued Lloyd's of London for approximately $725,000.
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October 24, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the Financial Conduct Authority launch legal action against a Chinese cryptocurrency exchange, The Londoner magazine face a defamation claim from an entrepreneur accused of "scamming" Knightsbridge landlords, and Gucci sued by its cosmetics supplier as L'Oréal announces plans to buy the Italian fashion house's beauty brand. Here, Law360 looks at these and other new claims in the U.K.
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October 24, 2025
Bank Of England General Counsel Exits After 10 Years
The Bank of England has lost its lead lawyer, a former partner at Clifford Chance LLP, after she spent a decade managing and mitigating its legal risks.
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October 24, 2025
Rodent Damage Motor Claims Rise By 28%, Aviva Says
Motor insurance claims in the U.K. for damage caused by rodents surged 28% between the 2023 and 2024 calendar years, according to new data from Aviva.
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October 23, 2025
UK Local Government Pension Scheme Valued At £402B
The value of Britain's local government pension plans increased by 2.7% to £402.3 billion ($536 billion) over the year to March, government statistics show.
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October 23, 2025
UK Government Refuses To Commit To Pension Tax Lock
The British government has refused to commit to a lock on pension tax policy, despite renewed consumer uncertainty in the run-up to the budget.
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October 23, 2025
Companies Hit With 1.85M Complaints In 6 Months, FCA Says
Complaints to financial services companies rose in the first half of 2025, as the Financial Conduct Authority reported there were 1.85 million cases, up almost 4% from the 1.78 million logged in the second half of 2024.
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October 23, 2025
FCA Chief Warns Of UK Cyber-Insurance Protection Gap
The head of the Financial Conduct Authority has warned that U.K. businesses are woefully under-insured against the risk of a massive cyberattack.
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October 23, 2025
Pensions Provider TPT Launches £600M Global Equity Fund
The investment management arm of pensions provider TPT Retirement Solutions has launched a £600 million ($800 million) global equity fund for U.K. retirement savings plans.
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October 22, 2025
French Insurer CNP To Take 40% Stake In Brazil's Embracon
French multinational insurance company CNP Assurances SA said Wednesday it has agreed to ultimately acquire a 40% stake in Brazilian financing company Embracon by first merging their alternate credit businesses to create "a major player in this fast-growing segment."
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October 22, 2025
FCA Secures £442M For Consumers, Urges More Co-operation
The Financial Conduct Authority has said that it secured more than £442 million ($590 million) for investors and consumers through redress arrangements, settlements and civil proceedings in the last financial year, and pressed home the benefits of companies taking responsibility for their mistakes.
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October 22, 2025
£1.9B Jaguar Cyberattack UK's 'Most Economically Damaging'
The cyberattack that hit car giant Jaguar Land Rover in August triggered a ripple effect that cost the U.K. an estimated £1.9 billion ($2.5 billion) due to disrupted supply chains, experts said Wednesday, making it the "most economically damaging" digital incident to ever affect Britain.
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October 22, 2025
Gov't Greenlights New 'Collective' Pension Scheme Rules
The government said Wednesday it will push forward with rules to allow more businesses to join new collective pension plans, which could boost the retirement savings of millions of workers.
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October 22, 2025
PE Companies Finalize Deal For UK Insurance Broker JMG
Private equity companies GTCR and Synova have confirmed their acquisition of JMG Group five months after announcing their intention to buy the British insurance broker.
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October 22, 2025
State Pension To Rise By 4.8% In 2026 Under Triple Lock
Pensioners are in line for an inflation-busting rise in state pension benefits next year, experts said Wednesday, a move that would pile additional pressure on the U.K. government's pledge to maintain the triple lock.
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October 21, 2025
Vaccine Skeptic Wins Sick Pay Battle With Insurance Biz
An employment tribunal rejected a health insurance worker's claims that his skepticism about the COVID-19 jab caused bosses to discriminate against him and treat him unfairly, but agreed that the company forced him to quit by cutting off his sick pay for chronic anxiety.
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October 21, 2025
Equitas Loses £3.8M Dispute Over RSA Asbestos Settlements
A High Court judge ruled Tuesday that London-based reinsurer Equitas Insurance Ltd. wrongly refused to pay out over asbestos-related claims to three RSA Insurance Group companies in a £3.8 million ($5.1 million) row.
Expert Analysis
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What To Know About The Russia-Stranded Plane Ruling
The High Court's recent decision in Zephyrus Capital Aviation v. Fidelis Underwriting, rejecting reinsurers' U.K. jurisdiction challenges in claims over stranded planes in Russia, has broad implications for cross-border litigation involving exclusive jurisdiction clauses, says Samantha Zaozirny at Browne Jacobson.
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3 Notable Pensions Reforms In Spring Budget
The U.K. government’s spring budget introduced reforms to improve pension outcomes through the value for money framework and the lifetime provider model, as well as to encourage investments in Britain — three interlinked areas that could pressure trustees and providers to rethink how they approach investments, say Liz Ramsaran and Marcus Fink at DWF.
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UK Arbitration Ruling Offers Tips On Quelling Bias Concerns
An English court's recent decision in H1 v. W to remove an arbitrator because of impartiality concerns offers several lessons on mitigating bias, including striking a balance between arbitration experience and knowledge of a particular industry, and highlights the importance of careful arbitrator appointment, says Paul-Raphael Shehadeh at Duane Morris.
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Bias Ruling Offers Guidance On Disqualifying Arbitrators
An English court's recent decision in H1 v. W, removing an arbitrator due to bias concerns, reaffirms practical considerations when assessing an arbitrator's impartiality, and highlights how ill-chosen language by an arbitrator can clear the high bar for disqualification, say Andrew Connelly and Ian Meredith at K&L Gates.
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Insurance Policy Takeaways From UK Lockdown Loss Ruling
An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.
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What COVID Payout Ruling Means For Lockdown Loss Claims
While the High Court's recent COVID-19 payout decision in Gatwick v. Liberty Mutual, holding that pandemic-related regulations trigger prevention of access clauses, will likely lead to insurers accepting more business interruption claims, there are still evidentiary challenges and issues regarding policy limits and furlough, say Josianne El Antoury and Greg Lascelles at Covington.
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Spartan Arbitration Tactics Against Well-Funded Opponents
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.
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Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases
The U.K. Supreme Court's recent decision in Armstead v. Royal & Sun Alliance, finding that an insurer was responsible for lost car rental income after an accident, has significant implications for arguing economic loss and determining burden of proof in third-party negligence cases that trigger contractual liabilities, say lawyers at Macfarlanes.
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Unpacking The Building Safety Act's Industry Overhaul
Recent updates to the Building Safety Act introduce a new principal designer role and longer limitation periods for defects claims, ushering in new compliance challenges for construction industry stakeholders to navigate, as well as a need to affirm that their insurance arrangements provide adequate protection, say Zoe Eastell and Zack Gould-Wilson at RPC.
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A Rare Look At Judicial Interpretation Of LEG Exclusions
A Florida federal court’s order last month in Archer Western-De Moya v. Ace American Insurance and an earlier decision from a D.C. federal court offer insight into how courts may interpret defects exclusion clauses developed by the London Engineering Group — filling a void in case law in the area, says Jonathan Bruce at Holman Fenwick.
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Ruling In FCA Case Offers Tips On Flexible Work Requests
In Wilson v. Financial Conduct Authority, the Employment Tribunal recently found that the regulator's rejection of a remote work request was justified, highlighting for employers factors that affect flexible work request outcomes, while emphasizing that individual inquiries should be considered on the specific facts, say Frances Rollin, Ella Tunnell and Kerry Garcia at Stevens & Bolton.
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Breaking Down The New UK Pension Funding Regs
Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields.
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Decoding UK Case Law On Anti-Suit Injunctions
The English High Court's forthcoming decision on an anti-suit injunction filed in Augusta Energy v. Top Oil last month will provide useful guidance on application grounds for practitioners, but, pending that ruling, other recent decisions offer key considerations when making or resisting claims when there is an exclusive jurisdiction clause in the contract, says Abigail Healey at Quillon Law.
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Cayman Islands Off AML Risk Lists, Signaling Robust Controls
As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.
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How Decision On A Key Definition Affects SMEs
The Financial Conduct Authority's decision not to extend the definition of small and midsized enterprises may benefit banks and finance providers in the current high interest rate environment and where SMEs in certain sectors may be under financial pressure in light of the cost-of-living crisis in order to streamline it, says Rachael Healey at RPC.