Financial Services UK

  • August 24, 2026

    Pension Program Surpluses Need Flexibility, Trade Body Says

    Paying defined benefit pension scheme surpluses to employers must become more flexible, a retirement savings trade group has said, amid the U.K.'s plans to allow sufficiently robust programs to release cash.

  • August 24, 2026

    P&O Pays £94M To Merchant Navy Seafarer Pension Fund

    P&O Ferries has paid £94 million ($128 million) to the Merchant Navy Ratings Pension Fund, a move the retirement savings plan said Monday would settle all historic contributions the ferry operating giant owed to the plan.

  • August 24, 2026

    Santander Completes €5B Share Buyback Program

    Banco Santander SA said Monday that it will reduce its share capital by just over 3% after it finalized a share buyback program worth €5.03 billion ($5.86 billion).

  • August 24, 2026

    SFO's Wagstaff Vows To Hunt Assets For 'As Long As It Takes'

    The Serious Fraud Office will track down illicit money stolen by fraudsters "for as long as it takes" after their conviction to help ensure that crime does not pay, the agency's legal chief said Monday. 

  • August 21, 2026

    Pension Sponsors Revisit Endgame Plans As Options Widen

    More than nine in 10 sponsors of U.K. defined benefit pension programs have either reviewed or are currently scrutinizing their long-term retirement strategy, a new report says, as businesses now weigh a wider number of options for the future of their schemes.

  • August 21, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys file a contract claim against two of its previous clients in the Middle East.

  • August 21, 2026

    Standard Chartered Issues Milestone $200M In Digital Notes

    Standard Chartered said it has become the first global systemically important bank and the first U.K. company to issue digitally native notes on Euroclear's digital financial markets infrastructure.

  • August 21, 2026

    Pinsent, Eversheds Guide Trustees On M&G Pension Buy-In

    Investment manager M&G PLC said it has completed an £85 million ($116 million) buy-in transaction with a pension program sponsored by British flooring and wall cladding company Altro Ltd. for its employees.

  • August 21, 2026

    Holman Fenwick-Led Investor Helios Raises Buyback To £2.5M

    Investment company Helios Underwriting PLC said Friday it has increased its stock repurchase program by a further £500,000 ($683,000), bringing the total the company plans to buy back from investors to as much as £2.5 million.

  • August 21, 2026

    White & Case Steers MPS Bids For Two Italian Banking Rivals

    Banca Monte dei Paschi di Siena SpA said Friday that it plans twin bids for rivals Banca Generali and Banco BPM, potentially creating Italy's third-largest lender with a market value of about €70 billion ($82 billion).

  • August 20, 2026

    Deutsche Bank Freed From Fed's 2017 Forex-Rigging Order

    The Federal Reserve has terminated a 2017 enforcement action that required Deutsche Bank to pay nearly $137 million over its alleged role in Wall Street's foreign exchange rate-rigging scandals.

  • August 20, 2026

    Director Must Disclose Info For $6M Investment Fraud Claim

    A British business director could face a $6 million fraud claim after a London judge ruled Thursday that he must disclose records from his investment business to the family behind an international textile company.

  • August 20, 2026

    FCA Flags Mini-Bond, Loan Note Risk After Woodville Crash

    The Financial Conduct Authority warned Thursday about the dangers of investing in high-risk loan notes and mini-bonds following the collapse of litigation funder Woodville Consultants Ltd.

  • August 20, 2026

    Communications Biz Loses Challenge To DWP Procurement

    A communications provider lost its challenge on Thursday to a Department for Work and Pensions videoconferencing contract, as a court upheld the exclusion of the company's bid over its answer to a technical question.

  • August 20, 2026

    Unregulated Finance Firm Faces £55M Fraud Claim

    Two investment firm partners are being sued by a client who claims they ran a £55 million ($75 million) fraud at their new business, more than a decade after they were banned from working for regulated financial services companies.

  • August 20, 2026

    Investor Eyes £58M-Plus From Sale Of School Projects Stakes

    International Public Partnerships, an infrastructure investment company, has agreed to divest its holdings in nine projects involving 15 London schools, a move it expects will generate gross proceeds of more than £58 million ($79 million) when the deal completes.

  • August 20, 2026

    UK Pension Schemes Commit £400M To Infrastructure Fund

    A group of British pension plans has committed £400 million ($545 million) to an investment fund of collected retirement savings programs designed to invest capital into local infrastructure and other U.K. assets.

  • August 20, 2026

    FCA Finds Flaws In Lenders' Car Finance Redress Plans

    The Financial Conduct Authority has set out poor practice it found in lenders' plans for implementing its motor finance redress system, including inadequate data management controls.

  • August 20, 2026

    Reed Smith Steers Isio On Pensions Admin Co. Buy

    Pensions management company Isio has acquired retirement savings administration provider Trafalgar House Pensions Administration Ltd., in a move to expand the range of plans Isio can support.

  • August 20, 2026

    Paul Weiss Guides Standard Life's £2B Pensions Venture

    Standard Life PLC launched a partnership with a consortium of major global financial companies on Thursday to expand in the U.K. pension risk-transfer market, with a combined initial capital commitment of up to £2 billion ($2.7 billion).

  • August 19, 2026

    Council Pins £150M Solar Investment Loss On Business Exec

    An embattled English council has branded as a baseless "late invention" a business executive's claim that he was entitled to take a £15 million ($20.4 million) fee from the council's solar investments, amid the council suing him for £150 million in failed investments.

  • August 19, 2026

    QuidPay Costs Cut Over FCA Threats In $12M Funds Dispute

    Online payment company Quidpay had its legal costs stemming from its funds dispute with a fintech platform trimmed to $400,000 on Wednesday, as a London judge said the award should be cut by a third for making allegations he deemed "unsustainable."

  • August 19, 2026

    Finance Exec Says Piraeus Restructure Axes €31M Debt Claim

    A business executive has told a London court that a Greek bank cannot hold him liable for a €31 million ($36 million) debt allegedly owed by two companies linked to him because it is legally separate from the original lender.

  • August 19, 2026

    FCA Bans And Fines Ex-Fund Manager Head Over Failures

    The Financial Conduct Authority said Wednesday it has fined and banned the former chief executive of a wealth management and stockbroking firm that has since entered administration, finding he failed to properly manage the firm and to put customers' interests ahead of its profits.

  • August 19, 2026

    Mexican Investor Sues Floreat Unit For $12M Funding Return

    Mexican businessman Ricardo Antonio Ponce Gutierrez and his company have filed a claim for 10 million Swiss francs ($12.4 million) in London's High Court against a member of the Floreat investment group, alleging it failed to repay funding provided under two investment agreements.

Expert Analysis

  • Int'l Bribery Enforcement Takeaways After SFO Conference

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    While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery and corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.

  • UK-Gulf Trade Deal Offers Key Benefits, But Hurdles Remain

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    The U.K.’s recent free trade agreement with the Gulf Cooperation Council is expected to deliver U.K. businesses a competitive advantage, with simplified procedures and tariff removal across manufacturing, services and digital trade sectors, but navigating Gulf regional tensions and differing regulatory regimes will create challenges, say lawyers at King & Spalding.

  • Crypto Sector Sees Tougher Sanctions Compliance Demands

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    The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.

  • AI Puts Financial Firms' Human Accountability To The Test

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    A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.

  • Why Tonzip Is Notable In English Sanctions Law Development

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    The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

  • How Firms Can Prepare For Increasing AI-Cybersecurity Risks

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    The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.

  • What EU Coalition's 6-Point Proposal Means For Market Regs

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    The European Union’s recent position paper sent to the European Commission from its six largest economies is a serious political signal that businesses should treat as an indicator that European market regulation is heading toward deeper integration and stronger supervision, says Antonio Lanotte at Futura Law.

  • EU Protocol Strengthens Int'l Criminal Asset Recovery Powers

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    The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.

  • How UK Unfair Dismissal Reforms Could Affect PE Sponsors

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    The U.K. government’s unfair dismissal rights reforms taking effect from January 2027 could create uncertainty over management incentive arrangements and complicate senior management changes, representing a material shift in the risk landscape for private equity firms, say lawyers at Debevoise.

  • A Potent EU Tool To Block Russian Arbitration Interference

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    The European Union’s latest sanctions package introduces an EU-wide antisuit injunction mechanism that offers businesses a powerful weapon against Russia's efforts to derail international arbitration with forum-shopping tactics, say lawyers at Signature Litigation.

  • How FCA Proposal Would Change IPO Research Rules

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    The Financial Conduct Authority’s recent proposals for the governance of information flows in equity initial public offerings represent a recalibration rather than a wholesale deregulation of the current framework by maintaining that connected research be grounded in approved disclosure, say lawyers at Sullivan & Cromwell.

  • Nonequity Partner Tier Presents Lawyers With Pros And Cons

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    While the nonequity partner model may offer law firms' management flexibility and be a genuine stepping stone for lawyers in some organizations, at others the tier functions more as an extended holding pattern whose uncertainty can cause frustration for ambitious lawyers, say Filippo Falchi and Portia White at Major Lindsey.

  • Series

    Practice Leader Insights From Covington's David Berman

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    David Berman, Covington's head of EMEA financial services, discusses how he perceived a gap in the market for practical financial regulatory advice, the challenges of advising Egypt on its new banking law, and how firms that neglect artificial intelligence governance do so at their peril.

  • EU Foreign Subsidies Report Offers Chance To Take Stock

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    The European Union’s forthcoming review of the Foreign Subsidies Regulation, revealing reassuringly low intervention rates but a burdensome prenotification process, offers the European Commission a timely opportunity to address genuine distortions and be more proportionate in its demands on market participants, say lawyers at Dechert.

  • EU Directive Recalibrates States' Anti-Corruption Landscape

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    The European Union's recently adopted anti-corruption directive does not transform compliance requirements overnight, but it will establish a minimum harmonization framework addressing substantive offenses, corporate liability and sanction levels across member states once national legislation is in place, say Katharina Humphrey, Karla Böltz and Maximilian Schach at Gibson Dunn.

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