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Insurance UK
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December 16, 2025
Gowling, CMS Guide £7M Pension Deal For Materials Co.
Goodfellow Cambridge Ltd. has offloaded £7 million ($9.4 million) of its pension liabilities to insurer Just Group, in a deal guided by Gowling WLG and CMS Cameron McKenna Nabarro Olswang LLP.
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December 16, 2025
FCA Mulling Action Over Briefings, Leaks Ahead Of Budget
The Financial Conduct Authority told lawmakers on Tuesday that it is considering whether to update its official guidance to public bodies after a series of government briefings and leaks in the run-up to the Budget statement.
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December 15, 2025
Nationwide's £44M AML Fine Signals FCA's 'Hard Line' Stance
The Financial Conduct Authority's fine of £44 million ($58 million) imposed on Nationwide Building Society for failings in anti-money laundering controls has sent a warning to Britain's largest financial institutions that size and reputation are no protection from the rules, lawyers have said.
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December 15, 2025
Ex-RSA Boss Hit With 13-Year Ban Over Accounting Scandal
The former chief executive of one of Ireland's biggest insurers has been disqualified for 13 years by the country's financial regulator over an accounting scandal that dates back more than a decade.
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December 15, 2025
FCA Sets Out To 'Rebalance Risks' Of UK Mortgage Market
The Financial Conduct Authority outlined a long-term plan on Monday to update mortgage regulation to increase homeownership in the U.K. by shifting risks away from borrowers and slashing conservative lending rules.
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December 15, 2025
Gov't Floats Rule Change For Pension Trustee Standards
The government on Monday floated new professional standards for pension trustees and administrators as retirement funds are set to grow rapidly in scale.
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December 15, 2025
FCA Motor Finance Compensation Plan Is 'Overreach'
The Financial Conduct Authority's planned £8.2 billion ($11 billion) redress program for motor finance customers goes too far, a trade body representing professional indemnity insurers said Monday.
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December 12, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Shell hit with a climate change claim from 100 survivors of a typhoon in the Philippines, London Stock Exchange-listed Oxford Nanopore bring legal action against its co-founder, and the editors of Pink News sue the BBC for defamation following its investigation into alleged sexual misconduct at the news site.
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December 12, 2025
FCA Floats Pension Transfer Overhaul For Better Outcomes
The Financial Conduct Authority has proposed rules that will allow pension providers to create new online planning tools for customers considering a savings transfer.
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December 12, 2025
Collective Pension Rules Need Safeguards, Trade Body Says
Plans by the U.K. government to allow savers to transfer their retirement pots into a collective program must be supported by strong safeguards to protect retirees against unforeseen hitches such as market volatility and mispricing, a trade body has said.
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December 12, 2025
FCA Misconduct Update Still Leaves Firms 'In The Dark'
Clarity from the Financial Conduct Authority on the limits of its powers to tackle bullying and harassment will come as a relief to professionals — but lawyers have warned that non-banking companies must now join lenders to broaden staff training, revisit conduct policies and strengthen whistleblowing protocols.
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December 12, 2025
Still 'Too Much Complexity' In Savers' Retirement Choices
Savers in the U.K. still face "too much complexity" over their retirement decisions, a pensions provider has said, warning that many are ditching official guidance and turning to social media platforms such as Facebook for information.
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December 12, 2025
FCA Clarifies Guidelines For Non-Financial Misconduct
The Financial Conduct Authority released widely anticipated final guidance on its rules for non-financial misconduct such as bullying, harassment and violence on Friday, including on how far the measures will apply to private life and social media.
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December 12, 2025
Consumer Body Calls For Probe Into Insurance Pricing Models
The Financial Conduct Authority must investigate opaque underwriting models used by insurers, a consumer body has warned, after the watchdog found unexplained price differences in areas of Britain with higher minority ethnic populations.
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December 11, 2025
Aviva Tells Brokers To Intervene Over SME Cyber Risks
Insurance giant Aviva has called on brokers to intervene as its research revealed that small and mid-sized enterprises underestimate the risks posed by cybercriminals, despite being increasingly targeted by them.
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December 11, 2025
FCA Sets Timescale For Supporting Gov't Growth Strategy
The Financial Conduct Authority demonstrated its support for the government's growth strategy on Thursday, rolling out a reduced program of regulatory change over the next two years, with initiatives that could lighten the burden on finance companies.
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December 11, 2025
MPs Quiz Minister On Missed Evidence On Women's Pensions
The government has been asked to explain how it missed a key piece of evidence before it ruled out a compensation scheme for older women who missed out on state pension benefits.
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December 11, 2025
Howden Creates Dedicated Space Insurance Practice
Insurance broker Howden has established a dedicated space insurance practice in a bid to become a leading business in a market where it estimates global premiums to be worth around $600 million a year.
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December 11, 2025
Aviva Pens £4M Pension Deal For UK Steel Tube Maker
A U.K. steel supplier has completed a £4 million ($5.3 million) full-scheme buy-in of its retirement plan with Aviva PLC, pensions company First Actuarial has said.
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December 11, 2025
BoE Promises Gov't Bank Reporting Cost-Cuts For Growth
The Bank of England has set out plans to support U.K. growth by further simplifying regulatory reporting for banks and seeking to reduce overlap between its rules and the requirements of legislation.
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December 11, 2025
FCA Links Car Insurance 'Ethnicity Penalty' To Claims Rates
The Financial Conduct Authority has said that policyholders in some U.K. areas with a higher minority ethnic population could be paying more for their car insurance but that in most cases this is because of higher claims costs.
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December 11, 2025
DLA Piper-Led WTW To Buy NatWest Fintech Pensions Biz
Insurance broker WTW has agreed to acquire pensions provider Cushon from NatWest Group to expand its operations in the rapidly growing defined contribution retirement savings market.
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December 10, 2025
UK Sets Rules For Landmark Targeted-Support Regime
The Financial Conduct Authority released near final rules on Thursday for its ground-breaking targeted-support regime to help millions of unadvised consumers buy pensions and investments.
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December 10, 2025
Pensions Watchdog Strengthens Rules On Admin Oversight
The U.K. retirement savings watchdog has urged trustees to increase scrutiny on pension administrators, in order to better protect savers.
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December 10, 2025
EY Probed By FRC Over Unauthorized Auditor Reports
Britain's accounting regulator said Wednesday it has opened a probe into Ernst & Young LLP over its alleged issuing of unauthorized auditor reports.
Expert Analysis
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3 EU And UK Data Protection Tips During COVID-19
Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.
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Novolex Case Brings Lessons On R&W Insurance
A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.
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How Proposed EU Class Action Directive Could Affect Insurers
Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.
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COVID-19 Insurance Considerations For UK Cos.
Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.
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UK Group Data Breach Claims Pose Big Financial Risks
Recent English court decisions appear to make it easier for data breach victims to bring collective actions, and consequently companies may find they are liable for huge sums in addition to fines under the General Data Protection Regulation, say attorneys at Morrison & Foerster.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
In Halliburton v. Chubb, the U.K. Supreme Court has an opportunity to tackle uncomfortable questions and support confidence in London's arbitration sector by policing effectively against bias and impartiality when arbitrators are involved in multiple tribunals, says Rosie Wild at Cooke Young.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
As part of the debate prompted by my recent Law360 guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.
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Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.
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What To Expect During The Brexit Transition Period
While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.
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Opinion
Legal Prediction Is Demanding But Not Impossible
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
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Surefire Marketing Methods To Build Your Legal Practice
Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.
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Mandatory Mediation May Lie Ahead For England And Wales
The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.
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Key Risks And Developments For UK Law Firm Culture In 2020
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.
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#MeToo Pressure On UK Businesses Is Set To Rise
Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.