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The failed attempt by Nord Stream to recover €580 million ($662 million) for damage to gas pipelines underlines how far broadly worded war exclusions can reach and could influence insurance disputes that arise from geopolitical conflicts, lawyers say.
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Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
Prime Minister Keir Starmer announced plans on Monday to step down after losing the support of the Labour Party for him to stay on, clearing the way for former Manchester mayor Andy Burnham to launch his bid for the top job.
New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
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The failed attempt by Nord Stream to recover €580 million ($662 million) for damage to gas pipelines underlines how far broadly worded war exclusions can reach and could influence insurance disputes that arise from geopolitical conflicts, lawyers say.
Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
Prime Minister Keir Starmer announced plans on Monday to step down after losing the support of the Labour Party for him to stay on, clearing the way for former Manchester mayor Andy Burnham to launch his bid for the top job.
New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
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July 23, 2026
Weightmans has launched a new insurance fraud platform in partnership with U.S. risk management company Verisk, saying the technology will help insurers spot suspicious activity sooner and better manage higher-risk claims.
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July 23, 2026
The total funding surplus of pension plans among the top 100 businesses in Britain has remained stable at around £55 billion ($73.5 billion) compared to last year, according to data provided by Lane Clark & Peacock LLP.
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July 23, 2026
The new U.K. government of Andy Burnham has reappointed Torsten Bell as pensions minister, in what industry experts hope is a sign of policy continuity for the sector.
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July 23, 2026
The Financial Conduct Authority warned nonlife insurance businesses on Thursday to manage conflicts of interest in their business models, pointing out that it is contacting some companies with concerns about heightened risk.
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July 23, 2026
Insurance giant Standard Life said Thursday it has completed a £260 million ($347 million) pension risk transfer with its business unit ReAssure, in a deal steered by Gowling WLG.
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July 23, 2026
The City regulator said Thursday it has decided to ban a father and son from U.K. financial services after a London court found they had engaged in fraud and misused client money in the sale of an insurance brokerage.
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July 23, 2026
Britain's audit regulator said Thursday it imposed financial sanctions worth £18.2 million ($24.3 million) in the financial year that ended in March — up from the £14.5 million it issued in the preceding 12 months.
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July 22, 2026
An English motor insurance broker accused 30 former South African call center workers Wednesday of "forum-shopping" by suing it in England, arguing at a London court that the claims should be sent back to South Africa.
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July 22, 2026
No single reform to automatic enrollment thresholds can address all the financial security and pension adequacy risks faced by lower earners during their working lives and in retirement, a think tank said Wednesday.
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July 22, 2026
The Bank of England floated rules on Wednesday designed to encourage the consolidation of smaller financial mutuals as part of a wider effort to double the size of the £223 billion ($298 billion) sector.
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July 22, 2026
The Financial Conduct Authority has said that artificial intelligence research company Anthropic would support a second group of companies in the Supercharged Sandbox that the regulator set up to experiment with advanced AI.
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July 22, 2026
Trustees of U.K. defined benefit pension plans consider being ready for the long-awaited online retirement savings portal project as the biggest challenge over the next 12 months, TPT Retirement Solutions said Wednesday.
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July 22, 2026
Lloyd's of London said Wednesday that former chief executive John Neal had breached the market's conduct rules by failing to disclose a personal relationship with another senior executive.
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July 21, 2026
A New York federal judge refused to remove a "side-switching" arbitrator from a dispute over coverage for millions of dollars' worth of asbestos bodily injury claims, ruling that Truck Insurance Exchange's lawsuit is barred under a "hold harmless" pact it inked with the counterparty, a group of foreign reinsurers.
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July 21, 2026
Santander told an appeals court Tuesday it should not pay out £670 million ($896 million) AXA lost when dealing with mis-sold payment protection insurance claims, arguing an earlier judge wrongly found it was liable irrespective of when the policies were sold.
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July 21, 2026
M&G said Tuesday that it has taken on £760 million ($1 billion) of pension plan liabilities from a retirement savings program sponsored by FTSE 100 engineering business Smiths Group, in a deal steered by Sackers.
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July 21, 2026
The government's flagship pension review faces a tough decision in balancing higher long-term retirement savings against lower monthly paychecks for workers, a think tank warned on Tuesday.
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July 21, 2026
A Lloyd's of London syndicate was entitled to reject an insurance claim by a Belgian scrap metal dealer because the company failed to disclose five significant cargo fires before it renewed its policy, a London court ruled Tuesday.
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July 21, 2026
The government's plan to overhaul rules on pension scams should be tweaked to avoid unnecessary delays to fund transfers, an industry counter-fraud body warned Tuesday.
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July 20, 2026
Andy Burnham succeeded Keir Starmer as British prime minister on Monday, pledging to end four decades of private sector-led policy by expanding state control over people's well-being and the economy.
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July 20, 2026
The Prudential Regulation Authority said Monday that it has fined HDI Global SE £4.1 million ($5.2 million) for inaccurately reporting potential claims data to a program that compensates consumers if an insurer collapses.
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July 20, 2026
Britain's finance watchdog has urged customers of insurance broker Anthony Jones (UK) Ltd. to check their policies after the company agreed to stop carrying out any regulated activity.
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July 20, 2026
The government must encourage pension schemes to invest more in the domestic economy through targeted incentives and a stronger pipeline of investment opportunities, rather than impose mandatory size thresholds or deadlines, a trade body has warned.
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July 20, 2026
The government's legislative fix for the fallout from a landmark court ruling is not a panacea for all pension programs, a trade body has warned.
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July 20, 2026
Andy Burnham's government must prioritize a "stable, long-term" framework for defined benefit pensions in the U.K., with a clear focus on a range of already legislated reforms set to shake up the retirement savings landscape, a consultancy has said.