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Fraud Plan Puts FCA At Forefront Of UK Crypto-Crackdown

The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.

Ombudsman Poised To Take Consumer Duty Power From FCA

Pending legislative reforms to the Financial Ombudsman Service could hand the dispute-arbitrator power to assess whether businesses have complied with the consumer duty and other broad rules set by the Financial Conduct Authority, regulatory lawyers say.

Illustration showing cyberattack on a computer network through a laptop, with a person typing.

New Fraud Unit Faces Hurdles To Take On Overseas Scams

A new anti-fraud unit built to disrupt the growing threat to national security posed by online scammers fills gaps left in the enforcement landscape, lawyers say — although there are hurdles for prosecution of suspects, particularly when many scams originate thousands of miles away.

Stack of messy file folders with narrow depth of field, blurred office building in the background to illustrate bureaucracy and red tape.

FCA Rebalances Insurance Priorities With Fewer Rules

The Financial Conduct Authority has said it will attempt to avoid creating new rules for the insurance sector to cut regulatory red tape and help business, raising concerns that the watchdog is softening its commitment to protect consumers.

March 26, 2026
FCA To Use AI To Spot Consumer Harm Faster In New Plan

The Financial Conduct Authority set out plans on Thursday to use artificial intelligence as a regulatory tool to authorize businesses and detect harm faster in its annual work program.
March 26, 2026
Insurers Criticize FCA Over Rules On Charging For Advice

Insurers have hit out at the Financial Conduct Authority's refusal to budge on rules over subsidized financial advice.
March 26, 2026
Consultant Must Add AmTrust To Case Against Ex-Solicitors

A consultant suing his former solicitors for negligence must apply to add insurer AmTrust as a party to his claim, a London judge has ruled.
March 26, 2026
Middle East Conflict May 'Pressure' UK Car Insurance Prices

The average price of car insurance in the U.K. has fallen by 9% over the last year, advisory and broking company WTW said Thursday, but it warned that the conflict in the Middle East could put "upward pressure" on premiums.
March 26, 2026
Gov't Loans From Civil Service Pension Debacle Rise To £4M

The government has so far shelled out £4 million ($5.3 million) in hardship loans to public-sector workers affected by disruption in the Civil Service Pension Scheme, a top official said.
March 26, 2026
UK Watchdog Revamps Audit Supervision In Quality Boost Bid

The accounting watchdog has launched a modernized supervisory framework for audit firms, centered on their systems of quality management used to deal with risks to audit quality.
March 26, 2026
Financial Redress Body To Use AI Tech For 'Routine Tasks'

The Financial Services Compensation Scheme said Thursday that it wants to automate routine tasks with artificial intelligence technology in the next five years.
March 26, 2026
Employers Urged To Address Risks From Pension Shortfalls

A greater understanding by workers of the looming threat posed by inadequate pension savings will place increasing pressure on employers to offer more compelling retirement plans, Hymans Robertson has said.
March 25, 2026
FCA Eyes Simpler Advice Rules To Broaden Consumer Access

The Financial Conduct Authority proposed rule changes on Wednesday that would enable financial businesses to give more simplified advice to consumers on pensions and investments, aiming to revitalize financial services take-up.
March 25, 2026
BoE To Weigh Financial Stability Risks From AI

The Bank of England confirmed it will investigate the financial stability risks from the use of artificial intelligence technology by the financial services sector.
March 25, 2026
Gowling, Squire Patton Steer £140M Panasonic Pension Deal

Savings and investment firm M&G PLC has said it completed a £140 million ($187 million) buy-in transaction with a pension program sponsored by electronics giant Panasonic for its employees in Europe.
March 25, 2026
FCA Rules Out Action On Funeral Insurance Plan

The Financial Conduct Authority said it had no plans to intervene over the controversial termination of a long-running life insurance policy, which has left thousands of families potentially unable to foot funeral bills.
March 25, 2026
Tokio Marine Unit Settles £46M London Property Project Row

A property company has settled a £46 million ($62 million) claim with a subsidiary of Tokio Marine HCC that it argued must pay out to cover an insolvent construction contractor for alleged failures linked to an apartment block and luxury hotel in London.
March 25, 2026
BDO Denies Botching Audits And Costing Insurer $100M

BDO has denied negligently issuing clean audit opinions for an insurer and causing more than $100 million in losses and liquidation costs in the run-up to the company's collapse.
March 25, 2026
Squire Patton Leads £104M Pension Deal With Aviva

Insurance giant Aviva said Wednesday that it has taken on pension liabilities worth £104 million ($139.5 million) from a retirement savings plan sponsored by Essentra PLC, in a deal steered by Squire Patton Boggs LLP.
March 24, 2026
Audit Watchdog Floats Package For Small Biz Growth

Britain's accounting regulator disclosed plans on Tuesday to support the growth of small and midsized businesses in the U.K. by cutting back on red tape.
March 24, 2026
Commons Reverses Lords' Bid To Raise Tax-Free Pension Cap

Lawmakers in the House of Commons overturned a proposal by the House of Lords to raise a planned cap on tax-free pension salary sacrifice from £2,000 ($2,700) to £5,000, as the government pushed forward on Tuesday with a measure labeled regressive by critics.
March 24, 2026
Regulators Approve £2.4B Deal For UK Insurer Just Group

The £2.4 billion ($3.2 billion) acquisition of British insurance giant Just Group PLC by Canadian investment firm Brookfield Wealth Solutions will go ahead after receiving regulatory approval, both companies said in a joint statement.
March 24, 2026
Gateley Guides Medical Supplies Biz On £30M Pension Deal

A medical supplies company has offloaded £30 million ($40 million) of its pension scheme liabilities to insurer Canada Life in a transaction steered by Gateley Legal.
March 24, 2026
WTW Unit Plans To Launch Retirement CDC Pension Program

Willis Towers Watson's LifeSight said on Tuesday that it plans to launch a retirement collective defined contribution program once government legislation goes live.
March 23, 2026
Truck Insurance Wants Arbitrator Dispute Back In State Court

Truck Insurance Exchange urged a New York federal court to remand its bid to disqualify an arbitrator, who previously served as the insurer's attorney, from an asbestos coverage fight with a group of reinsurers, saying the court lacks subject matter jurisdiction.
March 23, 2026
Pipe Co. Owes £30K For Catch-22 Dismissal Of Injured Staffer

An employment tribunal has ordered a manufacturer of sustainable water and energy systems to pay £30,792 ($41,330) to a warehouse operative, after finding he was wrongly fired over unfounded accusations that he was defrauding insurers to receive sick pay.
March 23, 2026
FCA Issues Key Guidance For Firms Offering Targeted Support

The Financial Conduct Authority outlined on Monday factors that financial services firms must consider when they create "consumer segments" to whom they can make tailored product recommendations under the "targeted support" regime.
March 23, 2026
Insurance Broker Sector Ripe For Consolidation, Experts Say

There is "ample scope" for consolidation in the fragmented U.K. insurance broker market, Inflexion said Monday, arguing that private equity investors should look to the sector for growth opportunities.
March 23, 2026
Berkshire Buying $1.8B Stake In Japan's Tokio Marine

Berkshire Hathaway plans to acquire a roughly 2.5% stake in Tokio Marine for more than $1.8 billion as part of a new strategic partnership, in a move that could expand their access to global deals, the Japanese insurance giant announced Monday.

Editor's Picks

Top Court Ruling In 'Whiplash' Test Case Could Hit Premiums

Personal injury claimants could get higher payouts from their motor insurance as a result of a test case ruling at Britain's highest court on Tuesday, although analysts warn that insurers could respond with higher premiums to cover the cost of bigger claims.
FCA Begins Crackdown On Poor-Value Insurance Products

The move by the Financial Conduct Authority to restrict sales of guaranteed asset protection insurance is a sign of a faster approach to market intervention, and could lead the regulator to scrutinize other underperforming products, consultants say.
Post-Election UK Pension Changes Could Be In The Fine Print

Regulatory lawyers are not expecting radical overhaul in pension policies if the government changes after this year's general election. But lawyers say that signals in the opposition Labour Party's policy language could hint at possible shifts in investment priorities for retirement savings.

Expert Analysis

Why SRA Is Cracking Down On 'No Win, No Fee' Law Firms

Harriet Gamper at the Solicitors Regulation Authority discusses the regulator’s recent warning notice concerning "no win, no fee" arrangements in high-volume consumer claims, aimed at offering lawyers clarity in understanding their obligations following findings that many law firms were failing in their duty to protect clients' best interests.
How UK Securitization Reforms Will Affect Industry

The Prudential Regulation Authority’s recent proposals to reform securitization requirements will offer greater structuring flexibility, reduced operational complexity and lower compliance costs, although with the rationale for imposing stand-alone obligations on institutional investors not clear, dissenting voices are likely, say lawyers at Skadden.
Striking A Balance Between AI Innovation And Regulation

The Financial Conduct Authority's recent consultation on the impact of artificial intelligence on financial services highlights the debate between regulators, the government and industry over whether current regulatory frameworks can balance innovation with risk management, say lawyers at Womble Bond.
FCA Enforcement Newsletter Reflects Shift Toward Openness

The Financial Conduct Authority’s inaugural Enforcement Watch newsletter provides clarity on the cases the regulator is opening and highlights its approach to early communication of enforcement activity, offering a welcome insight into its emerging priorities, says David Hamilton at Howard Kennedy.
FCA's Investment Regime May Prove A Double-Edged Sword

The Financial Conduct Authority’s final rules on consumer composite investments intend to support retail investors in making more informed decisions while affording firms greater flexibility, but continuing with opaque methodologies will require greater operational and compliance effort in the short term, say lawyers at Fried Frank.
How FCA's Client Reforms May Boost Investment Access

The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.
Consolidation Of Lloyd's Bylaws Will Be Useful For Members

Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.
4 Securities Trends For Pension Trustees To Watch In 2026

With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.
10 Financial Regulatory Changes To Prepare For In 2026

A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.
FCA Enforcement Trends In 2025 And Expectations For 2026

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

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.
How Russia Sanctions Trajectory Is Affecting UK Legal Sector

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.
Navigating Legal Privilege Issues When Using AI

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

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

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.