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Insurance UK
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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.
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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).
Expert Analysis
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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.
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Employers Can 'Waive' Goodbye To Unknown Future Claims
The Scottish Court of Session's recent decision in Bathgate v. Technip Singapore, holding that unknown future claims in a qualifying settlement agreement can be waived, offers employers the possibility of achieving a clean break when terminating employees and provides practitioners with much-needed guidance on how future cases might be dealt with in court, says Natasha Nichols at Farrer & Co.
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Acquisition Of AI Tech Poses Challenges For Media Industry
The artificial intelligence regulatory landscape is changing quickly, and media and entertainment companies planning to acquire AI technology through a merger, acquisition or licensing deal should be mindful of potential new compliance requirements and AI-specific insurance products, say lawyers at Covington.