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Insurance UK
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September 17, 2025
FCA Unveils Tough Proposed Rules For Crypto Firms
The Financial Conduct Authority set out Monday its proposed crypto-assets regulatory regime, with some wider reach than its rules for other sectors like banking or insurance to address technological exposures.
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September 17, 2025
FCA Sets Out Plan For Insurance Protection Market Review
The Financial Conduct Authority has said it is on track to publish the first stage of its investigation into the insurance protection market by the end of the year.
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September 17, 2025
Watchdog Floats New Enforcement Plan Amid Oversight Shift
Britian's retirement savings watchdog has said it plans to become a more proactive regulator through a new strategy it hopes will make enforcement "smarter, more strategic and more impactful."
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September 17, 2025
Pensions Watchdog Sharpens Focus On Professional Trustees
The Pensions Regulator said Wednesday that it will continue with its plans to strengthen oversight of the professional trustee sector, after it emerged that 80% of the market was controlled by just four providers.
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September 17, 2025
Workers Cutting Pension Contributions To Make Ends Meet
More than half of British workers have at least considered reducing their pension payments in the past year to help pay bills, according to research from a retirement company published Wednesday.
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September 17, 2025
Spanish Online Bank Can't Void Insurance Brokerage's EU TM
A Spanish online bank has lost its attempt to void an insurance brokerage's "Insurance Advisors Associated" trademark, failing to convince European Union officials that there is a risk of confusion with its earlier registrations.
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September 17, 2025
Dentons-Led REIT To Close, Sell Portfolio For £646M
PRS said Wednesday that it has agreed to sell its property portfolio to a vehicle controlled by Waypoint Asset Management Ltd. for £646.2 million ($882 million) and then liquidate the real estate investment trust.
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September 16, 2025
BoE Set To Ease Rules For Foreign Insurers In UK
The regulatory arm of the Bank of England set out proposals on Tuesday to raise the liability threshold for foreign-based insurance groups that operate subsidiaries in the U.K. and reduce some reporting requirements.
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September 16, 2025
Insurer Can't Duck $6M Bond Payout Over Ghana Power Plant
A London court ordered a Ghanaian insurance company on Tuesday to pay a subsidiary of Greek industrial conglomerate Metlen almost $6.3 million for wrongly refusing to pay up under a bond the insurer claimed was obtained by fraud.
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September 16, 2025
Pension Pot Withdrawals Surged Nearly 36%, FCA Says
Savers in Britain withdrew £70.9 million ($96.8 million) from their pension pots in the financial year that ended in March, data published by the Financial Conduct Authority on Tuesday shows, amid suggested concern over government plans to amend tax rules linked to retirement pots.
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September 16, 2025
UK Pensions Industry Should Drive 'Small Pots' Fix
The government should use existing retirement industry infrastructure rather than create a costly new central "clearing house" for merging small pension pots, a trade body warned Tuesday.
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September 16, 2025
Conister Bank To Work With Fintech Biz On Overdraft Product
Conister Bank said Tuesday that it will work with financial technology company Fiinu to introduce an overdraft product in the U.K. using open banking rules.
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September 16, 2025
State Pension Could Breach Tax Threshold In 2027
British pensioners will be forced to pay income tax on state pension benefits from 2027 unless minimum earnings thresholds are lifted, experts said Tuesday in response to new data.
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September 16, 2025
Half Of Britons Unaware Of Pensions Policy Changes
Some 51% of adults in Britain do not know about a range of pension policy changes that could affect their retirement plans, Schroders Personal Wealth has said.
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September 16, 2025
Eversheds Guides £250M Pension Deal For Defense Co.
The U.K. arm of global defense contractor Ultra Electronics Holdings Ltd. has agreed a £250 million ($341 million) full-plan pension buy-in with Just Group, the financial services company said Tuesday.
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September 15, 2025
Only 41% Of Boomers Say They're Ready For Retirement
Only 41% of the more than 3 million working people ages 60 to 69 in the U.K. feel prepared for retirement, Just Group said Monday.
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September 15, 2025
AerCap Wants £81M Costs From Insurers In Missing Jets Case
Aircraft leasing giant AerCap is seeking £81 million ($110 million) in costs in the mammoth dispute over hundreds of aircraft stranded in Russia after the 2022 invasion of Ukraine, according to filings for a London court hearing that began on Monday.
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September 15, 2025
Insurance Premiums Could Rise If Catastrophe Losses Mount
The insurance industry could be forced to eventually correct the trend of falling prices for property cover if natural catastrophe losses continue to mount, a ratings agency said Monday.
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September 15, 2025
Aegon To Extend Pensions App To More Than A Million Savers
Financial services firm Aegon said Monday it wants its Mylo app for tracking pension balances and information to be available to more than a million people, saying it understands the "emotional challenges" people face with their finances.
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September 15, 2025
Squire Patton-Led Insurer Agrees Revised Offer For Indian Biz
CPP Group PLC said on Monday that the two potential local buyers of its India-based subsidiary have decreased their offer for the company, which the U.K. insurance products provider is selling in order to streamline its operations.
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September 15, 2025
Employers Expect Budget Reform On Pension Salary Sacrifice
Nine out of 10 U.K. employers expect the government to ditch tax breaks on pension salary-sacrifice arrangements when it unveils its autumn Budget, a survey has found.
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September 15, 2025
Watchdog Launches Program To Improve Audit Sector
Britain's accounting watchdog launched a program on Monday that it said would bring together projects that are designed to drive improvements in the audit sector.
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September 12, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.
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September 12, 2025
Ex-AIG IT Pro's Claim Struck Out Over Courtroom Misconduct
A former AIG software developer on Friday had his whistleblowing claims against the insurer struck out after accusing a judge of perverting the course of justice, eating a meal during a hearing and calling a London tribunal a "circus."
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September 12, 2025
Gov't Will Oppose 'Indexation' Changes To UK Pension Bill
The government has said it will oppose amendments to draft legislation that will mean retirement benefits for older pensioners rise with inflation.
Expert Analysis
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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.
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Opinion
UK's Insurer Investigations May Not Help Policyholders
The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.
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The Outlook For Autonomous Vehicles In The UK And US
As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
Despite concerns that London may be considered a less attractive place to do business post-Brexit, there are many reasons to believe that the city will retain its position as a globally favored arbitral seat, say Adrian Jones and James Wagner at FaegreBD.
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Post-Brexit UK Likely To Conform With EU On Human Rights
In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.
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The Evolution Of GDPR Enforcement Across The EU
With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.
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Series
Why I Became A Lawyer: Being There For Families In Trouble
My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.
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3 Ways To Leverage Vulnerability For Lawyer Well-Being
Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.
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Zurich Case Brings Clarity To Complex Contempt Proceedings
The U.K. Court of Appeal's recent decision in Zurich v. Romaine provides insight into the meaning of "in the public interest" in the context of bringing contempt proceedings against a party or witness who verifies false claims, says Matt Peacock of Signature Litigation.
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What A No-Deal Brexit Would Mean For Dispute Resolution
In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.