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Insurance UK

Stock exchange curve appears on a smartphone screen over a map showing the Strait of Hormuz on a laptop computer screen.

UK Insurers Hold Cover For Persian Gulf Shipping, At A Price

Insurers in the specialist London market continue to provide insurance for high-risk shipping in the Persian Gulf despite the intensifying war with Iran, market experts say, but the price of cover has soared to eye-watering levels.

FCA Tests Global Reach In HTX Crypto-Exchange Litigation

The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.

FCA May Be Forced To Set Lower Fines After Appeal Setbacks

The Financial Conduct Authority might be forced to rethink how it justifies the size of its fines after being forced to cut penalties after referral to the Upper Tribunal, raising questions about its ability to make enforcement decisions stick, legal experts caution.

A man wearing a face mask passes a boarded-up arcade of closed shops on Regent Street in London in 2021.

Insurance Market Braces For Landmark COVID Furlough Case

Britain's top court is to hear a COVID-19 dispute that will affect the immediate survival of thousands of businesses and have long-term ramifications for how insurers treat state support at times of crisis in the future.

March 06, 2026
Aegon Calls For 2-Year Trial Of Value For Money Framework

The government and two of the country's top regulators should run their framework designed to strengthen oversight of the U.K.'s pension programs on a provisional two-year trial basis to ensure the new plan runs successfully, Aegon said Friday.
March 06, 2026
UK Litigation Roundup: Here's What You Missed In London

This past week in London has seen British American Tobacco sued by more than 100 investors, the government bring a claim against a COVID-19 supplier of personal protective equipment, Annington Funding sue its new corporate trustees on the Financial List, and Piers Morgan hit with a defamation claim from a pro-Israel barrister he interviewed on his YouTube channel.
March 06, 2026
Pensions UK Aims To Close Retirement Saving Equality Gaps

Pensions UK has said it will focus on improving retirement outcomes, boosting economic growth through investment and strengthening the resilience of the system, as the industry body sets out its policy priorities to help shape the future of Britain's retirement sector.
March 06, 2026
FCA Disputes 'Unreasonable' Early Closure Of Probe

The Financial Conduct Authority has rejected a decision by the Complaints Commissioner that the watchdog unreasonably closed an investigation into unauthorized promoter Amyma for allegedly marketing unregulated bonds to consumers.
March 06, 2026
Unions Call For Greater Worker Voice On Pension Boards

The government should set minimum standards for the number of workers included on the boards of pension trustees to ensure better results for their members in a market set to have fewer, larger retirement programs, the Trades Union Congress has said.
March 05, 2026
BAT Sued By Investors Over North Korean Sanctions Breach

Investors have sued British American Tobacco in England over the cigarette company's failure to disclose information about its activities in North Korea, which led to it paying U.S. authorities hundreds of millions of dollars for violating sanctions.
March 05, 2026
Stronger Gov't Safeguards Needed For Trusteeship, TPT Says

Governance frameworks must evolve to match the complexity and emerging risks that will come from a pensions sector marked by fewer, larger programs, TPT Retirement Solutions said Thursday, calling for stronger safeguards to protect trustee independence.
March 05, 2026
Watchdog Records Big Shift From Work Savings To Pensions

Britain's retirement savings watchdog said Thursday that new data signaled a landmark shift from a workplace savings system to a pensions system with retirement income options ahead of legislative change, but warned that smaller providers lagged behind.
March 05, 2026
Insurers Urged To Improve Details In Climate Risk Plans

Insurers preparing plans to tackle climate risk should conduct a detailed analysis to meet new regulatory expectations to beat a looming deadline set by the Prudential Regulation Authority, a pensions and financial services consultancy has warned.
March 05, 2026
Gov't Urged To Drop Pension Investment Mandate Power

The government must abandon its plan to introduce a power that would allow it to mandate pension funds to make certain investments, Pensions UK has said, claiming that Whitehall's failure to drop the measure would hamper competition in the open market.
March 05, 2026
Aviva Launches £350M Share Buyback Program

British insurer Aviva PLC said Thursday it will launch a share buyback program worth up to £350 million ($467 million), as part of its efforts to return excess cash to stakeholders after it reported a sharp rise in annual profit.
March 04, 2026
FCA Asks Businesses To Help Fend Off Financial Criminals

The Financial Conduct Authority on Wednesday called for more businesses to engage with customers online to help drive away financial criminals preying on the investment marketplace.
March 04, 2026
Regulator Expects Up To £400B In Pension Deals Over Decade

Britain's retirement savings watchdog said Wednesday up to £400 billion ($535.3 billion) of pension assets could transfer to the insurance sector over the next 10 years in a landscape that has undergone a "paradigm shift" over a very short period of time.
March 04, 2026
UK Pensions Regulation Needs Major Overhaul, Report Warns

Britain's pensions governance and regulatory architecture will become "unfit for purpose" within a decade unless urgent reforms are made, a cross-party think tank warned on Wednesday, highlighting growing risks in the market for workplace defined contribution plans.
March 04, 2026
AIB Group Kicks Off €1B Share Repurchase

AIB Group PLC on Wednesday launched a €1 billion ($1.16 billion) share buyback program, underscoring its "strong financial performance" and its commitment to returning cash to stakeholders.
March 04, 2026
FCA Plans 3-Month Prep For Motor Finance Redress

The Financial Conduct Authority said Wednesday that it would streamline the claims process and set a three-month period for businesses to get their systems ready to handle complaints and requests for compensation under its motor finance redress program.
March 04, 2026
Pensions Dashboard Project Launches Second Testing Phase

The government organization behind Britain's long-awaited pensions dashboards project has called for more volunteers to take part in the next round of consumer testing for its online retirement savings portal.
March 03, 2026
Royal Mail Posts 6% Increase For Collective Pension Members

Members of the Royal Mail's collective defined contribution plan will see an above-inflation pension increase of 6.4%, representing what experts say is a "great result" for pensioners in the U.K.'s first and only authorized CDC scheme.
March 03, 2026
Value For Money Framework Must Prioritize Savers, TPT Says

Regulators must refine planned new rules to strengthen oversight of the U.K.'s defined contribution pension programs as some proposals could dilute accountability and undermine member outcomes, TPT Retirement Solutions said Tuesday.
March 03, 2026
Allianz, TotalEnergies Partner On €500M Battery Storage Deal

AllianzGI said Tuesday that it has worked with TotalEnergies SE to develop €500 million ($580 million) worth of battery storage projects in Germany, entering the green energy storage market for the first time.
March 03, 2026
Legal, Audit Bodies Need Tighter AML Controls, FCA Warns

Legal and accountancy professional bodies are failing to adequately enforce anti-money laundering rules for their member firms, a unit within the Financial Conduct Authority warned Tuesday.
March 03, 2026
Broadstone To Buy Financial Services Consultancy Rockstead

Retirement savings consultancy Broadstone said Tuesday that it has agreed to acquire another consultancy that advises on financial services in a move to expand its banking and credit advisory services.
March 02, 2026
HMRC Bags Extra £16B From Big Businesses, Audit Says

HM Revenue & Customs collected almost £16 billion ($21.3 billion) in extra tax revenue from the biggest businesses in fiscal year 2024-25 after it took a stricter approach to compliance, the National Audit Office found.
March 02, 2026
Insurance Broker Rejects 'Hopeless' Unpaid Loan Claim

An insurance broker and its sole director have denied owing a real estate investment company over a nearly £227,000 ($303,500) loan facility because no actual money was drawn down under the agreement.
March 02, 2026
TPR Tells Providers To Adapt To Modern Work Patterns

The Pensions Regulator told pension providers Monday that any future default plans must take into account different patterns among modern savers to design smarter default strategies that could help workers achieve a sustainable income in retirement.

Editor's Picks

Top Court Ruling In 'Whiplash' Test Case Could Hit Premiums

Personal injury claimants could get higher payouts from their motor insurance as a result of a test case ruling at Britain's highest court on Tuesday, although analysts warn that insurers could respond with higher premiums to cover the cost of bigger claims.
FCA Begins Crackdown On Poor-Value Insurance Products

The move by the Financial Conduct Authority to restrict sales of guaranteed asset protection insurance is a sign of a faster approach to market intervention, and could lead the regulator to scrutinize other underperforming products, consultants say.
Post-Election UK Pension Changes Could Be In The Fine Print

Regulatory lawyers are not expecting radical overhaul in pension policies if the government changes after this year's general election. But lawyers say that signals in the opposition Labour Party's policy language could hint at possible shifts in investment priorities for retirement savings.

Expert Analysis

How UK Securitization Reforms Will Affect Industry

The Prudential Regulation Authority’s recent proposals to reform securitization requirements will offer greater structuring flexibility, reduced operational complexity and lower compliance costs, although with the rationale for imposing stand-alone obligations on institutional investors not clear, dissenting voices are likely, say lawyers at Skadden.
Striking A Balance Between AI Innovation And Regulation

The Financial Conduct Authority's recent consultation on the impact of artificial intelligence on financial services highlights the debate between regulators, the government and industry over whether current regulatory frameworks can balance innovation with risk management, say lawyers at Womble Bond.
FCA Enforcement Newsletter Reflects Shift Toward Openness

The Financial Conduct Authority’s inaugural Enforcement Watch newsletter provides clarity on the cases the regulator is opening and highlights its approach to early communication of enforcement activity, offering a welcome insight into its emerging priorities, says David Hamilton at Howard Kennedy.
FCA's Investment Regime May Prove A Double-Edged Sword

The Financial Conduct Authority’s final rules on consumer composite investments intend to support retail investors in making more informed decisions while affording firms greater flexibility, but continuing with opaque methodologies will require greater operational and compliance effort in the short term, say lawyers at Fried Frank.
How FCA's Client Reforms May Boost Investment Access

The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.
Consolidation Of Lloyd's Bylaws Will Be Useful For Members

Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.
4 Securities Trends For Pension Trustees To Watch In 2026

With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.
10 Financial Regulatory Changes To Prepare For In 2026

A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.
FCA Enforcement Trends In 2025 And Expectations For 2026

The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.
Judicial AI Guidance Update Shows Caution Still Prevails

The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.
How Russia Sanctions Trajectory Is Affecting UK Legal Sector

The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.
Navigating Legal Privilege Issues When Using AI

The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.
A Look At Factors Affecting Ombudsman Complaint Trends

Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.
What To Know About FCA's Short Selling Regime Proposals

Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.
EBA Proposals Signal Overhaul Of EU 3rd-Party Risk Rules

The European Banking Authority’s plans to extend third-party risk controls to non-ICT services, which may be finalized by the end of the year, will place a significant compliance and operational burden on in-scope entities, which should not be underestimated, say lawyers at Travers Smith.