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Insurance UK
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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.
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December 10, 2025
UK Gov't Sets Out Plans To Tackle Motor Insurance Costs
The government set out measures Wednesday to curb the rising cost of motor insurance for British policyholders, following a year-long investigation.
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December 10, 2025
Canada Life Secures £330M Deal With Comet Pension Plan
Canada Life UK said Wednesday it has finalized a £330 million ($440 million) full-scheme buy-in transaction with the pension program of U.K. electrical goods retailer Comet, securing the retirement benefits of 4,500 members.
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December 10, 2025
FCA Unveils Growth Plans With AI, Tokenisation Focus
The Financial Conduct Authority has published a letter to the government revealing updated growth plans for 2026, covering areas such as support for stablecoins issued in the U.K. and the continued use of artificial intelligence, while calling again on the government to set out its risk appetite.
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December 10, 2025
Dutch Insurer Aegon Moving Head Office To US For Expansion
Aegon confirmed Wednesday that it will relocate its head office and legal domicile to the U.S. from the Netherlands, a move the global financial services company expects to cost about €350 million ($408 million).
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December 09, 2025
FCA Launches Innovative Data Tool To Fight Financial Crime
The Financial Conduct Authority said Wednesday it has launched an innovative information service to fight financial crime, with the aim of reducing pension, investment and crypto-asset fraud against consumers.
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December 09, 2025
Claims Prevention Biz Raises £2.38M To Expand In US
Ondo InsurTech PLC said Tuesday that it has raised gross proceeds of approximately £2.38 million ($3.17 million) to accelerate its expansion in the U.S. in an equity offering launched earlier in December.
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December 09, 2025
EU Lawmakers Agree To Reduce Sustainability Rules Burden
European Union lawmakers agreed Tuesday to reduce sustainability reporting and governance rules for companies, in order to improve global competitiveness.
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December 09, 2025
Lloyds Bank Covers £4.8B Pension Liabilities With Rothesay
The trustee of three Lloyds Banking Group pension schemes on Tuesday announced it had penned policies worth £4.8 billion ($6.4 billion) with insurer Rothesay to protect the schemes from costs linked to unexpected increases in member life expectancy.
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December 09, 2025
FCA Unveils Sweeping Cuts To Insurance Red Tape, Costs
The Financial Conduct Authority revealed on Tuesday that it will strip back red tape for the U.K. insurance sector in an effort to boost the competitiveness of the sector.
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December 09, 2025
UK Watchdog Targets Pension Barriers In Private Markets
The Pensions Regulator has said it will launch an investigation into why Britain's largest retirement funds are delaying investment in private markets as part of a push to spur the £3 trillion ($4 trillion) sector to plow more cash into the economy.
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December 08, 2025
AmTrust, Blackstone Launch New MGA Platform
AmTrust and the credit and insurance arm of Blackstone have agreed to turn some of the global insurer's managing general agencies and other companies in the U.S. and U.K. into a new business.
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December 08, 2025
Lawyers In Crosshairs In New Anti-Corruption Crackdown
Corrupt lawyers, accountants and bankers "will be hunted down" under a new anti-corruption strategy unveiled by the government on Monday, which will crack down on enablers facilitating bribery and illicit finance in the U.K.
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December 08, 2025
Pension Reforms Could Boost UK Investment By £220B
The government could raise £220 billion ($293 billion) in additional investment in Britain over the next decade through a series of reforms to pensions, insurance and home building, an insurer said in a report on Monday.
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December 08, 2025
FCA Releases Landmark Reforms To Boost Retail Investment
The Financial Conduct Authority published on Monday a landmark package of measures to encourage investments by consumers to help U.K. growth, giving businesses new clarity on when they are dealing with professionals.
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December 08, 2025
More Than 3M Savers Hit By Salary Sacrifice Budget Change
The government's plan to cap pension salary sacrifice arrangements will worsen the growing crisis of pension under-saving, a former pensions minister has warned, after an official report found that at least 3.3 million workers will be affected.
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December 08, 2025
BNP Paribas Ups Stake In Ageas With €1.1B Investment
French banking giant BNP Paribas said on Monday that its insurance subsidiary has increased its stake in Belgian multinational insurer Ageas Group SA to 22.5% from 14.9% with the injection of €1.1 billion ($1.28 billion) in new share capital.
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December 05, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Mozambique sue the late tycoon Iskandar Safa's family and Privinvest amid the wider $1.9 billion "tuna bond" fraud case, Entain face a claim from a major U.S. pensions agency, and a Mexican lawyer accused of embezzlement bring legal action against Travelers Insurance Co.
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December 05, 2025
A&O Guides Stagecoach On £1.2B Pension 'Run On' Deal
Asset management giant Aberdeen Group PLC said Thursday it would take over as the sponsor of the £1.2 billion ($1.6 billion) Stagecoach pension scheme, in a landmark deal steered by Slaughter and May, A&O Shearman and CMS Cameron McKenna.
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December 05, 2025
UK Watchdog Intervenes In Food Co.'s Pension Plan
Britain's retirement savings watchdog said on Friday its intervention, sparked by concern for members of a pension arrangement sponsored by a food manufacturer, has prompted the business to commit to putting around £300 million ($400 million) into the plan.
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December 05, 2025
M&A Falls By A Third In UK Insurance-Distribution Sector
Mergers and acquisitions activity in the U.K. insurance-distribution sector is set to have had a much quieter year, with acquisition volumes falling 34% in the first 11 months of 2025, according to a study published Friday.
Expert Analysis
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How Climate, Finance And Trade Will Intersect In 2021
In the coming year, the Biden administration will likely align its policies on climate change, finance and trade more closely with those of international partners and organizations, leading to more coordinated action on climate standards that will be applied across the global economy, say consultants at C&M International.
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Perspectives
Finding A Path Forward To Regulate The Legal Industry
Gerald Knapton at Ropers Majeski analyzes U.S. and U.K. experiments to explore alternative business structures and independent oversight for law firms, which could lead to innovative approaches to increasing access to legal services.
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Whether And How To Compel Remote Arbitration
Excerpt from Practical Guidance
As the pandemic delays in-person arbitration hearings, mediator and arbitrator Theodore Cheng provides arbitrators with a checklist to examine the rationale and authority for compelling parties to participate in remote hearings.
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Creditors Welcome UK Supreme Court's Reflective Loss Decision
The U.K. Supreme Court's recent Sevilleja v. Marex decision benefits creditors and other stakeholders by excluding their claims from the reflective loss principle, which precludes third-party complaints that merely reflect company loss, say Robert Fidoe and Jack Moulder at Watson Farley.
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How Courts Are Encouraging Mediation In England And Wales
As the judiciary braces for widespread pandemic-driven contractual disputes, courts in England and Wales are showing enthusiastic support for mediation, both when determining the implications of a party's refusal to mediate and when assessing whether normal restrictions on the use of mediation-derived information apply, says Leah Alpren-Waterman at Watson Farley.
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Opinion
EU Class Action Policy Guided By Wrong Measure Of Success
The political agreement obtained last month on the first European Union-wide rules on collective redress illustrates the fact that the main goal of the authorities is to increase the number of class action claims rather than focus on the application of standard civil liability principles, says Sylvie Gallage-Alwis at Signature Litigation.
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An Attractive Regime For Governing Jurisdiction Post-Brexit
As indicated by the U.K.'s recent application to join the Lugano Convention, this is an "oven-ready" option for the U.K. for governing questions of jurisdiction and the enforcement of judgments with European Union countries after Brexit — but not without important differences from the current regime, say attorneys at Latham.
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Reinsurance Implications Of COVID-19 Biz Interruption Laws
In light of legislative and public pressure in the U.S. and U.K. on insurers to cover business interruption losses related to COVID-19, reinsurers will face new questions regarding their obligation to cover claim payments, say Robin Dusek at Saul Ewing and Susie Wakefield at Shoosmiths.
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UK Appellate Rulings Clarify Arbitral Choice Of Law
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
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Remote Depositions Bring Ethics Considerations For Lawyers
Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.
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Time For Presumptive Virtual Mediation In The UK
While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.
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UK 'Property' Classification Boosts Confidence In Bitcoin
In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.