Financial Services UK

  • August 26, 2026

    Think Tank Urges UK Gov't To Tax Wealthy Pensioners

    The U.K. government should shift the tax burden from younger workers toward wealth, property and passive gains, a progressive think tank said Wednesday.

  • August 26, 2026

    FCA Bans Trio Over £36M Scheme To Bypass UK Visa Rules

    The finance watchdog said Wednesday that it has banned three former senior figures at wealth manager Dolfin from working in the regulated financial services sector after finding they operated a scheme that helped clients circumvent U.K. visa requirements for investors.

  • August 25, 2026

    Ex-FCA Employee Seeks To Bring Surveillance Challenge

    A former employee of the Financial Conduct Authority who was dismissed for gross misconduct urged a London court Tuesday to allow him to bring a challenge against a specialist tribunal's decision to deny him the chance to sue his former employer for surveilling him.

  • August 25, 2026

    EU Weighs Rules For Regulation Of Large Investment Cos.

    A European Union financial markets watchdog said Tuesday it is floating three new regulatory rules covering reclassification of investment companies as credit institutions when they exceed the threshold of €30 billion ($35 billion) in total assets.

  • August 25, 2026

    Chesnara Eyes More M&A As Scottish Widows Deal Nears

    Chesnara PLC said Tuesday that it is eyeing further acquisitions and "opportunities to grow the business" after a string of deals which the life insurer and pensions provider expects will significantly expand its business.

  • August 25, 2026

    EY Manager Wins Redo Of 'Novel' Carer Discrimination Case

    Ernst & Young must face a claim by a former senior manager that he was discriminated against because he had to care for his wife as an appellate tribunal ruled Tuesday that his case had been thrown out too soon.

  • August 25, 2026

    UK Finance Groups Push Digital Standards For IPOs

    Financial industry groups launched a cross-sector initiative on Tuesday to digitize raising cash through equity, reduce manual processing and make initial public offerings and secondary share sales more efficient.

  • August 25, 2026

    AI Use By Wealth Managers Ramps Up Financial Crime Risk

    The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.

  • August 24, 2026

    FCA's Plans On Costs Disclosure 'Could Deter Investors'

    Proposals by the Financial Conduct Authority to streamline how financial services platforms disclose investment costs to consumers add "complexity and inconsistency" that might make it harder for Britons to make informed decisions, a trade group has said. 

  • August 24, 2026

    Hedge Fund Saba Challenges Baillie Gifford In Board Battle

    Activist investor Saba said Monday it plans to appoint three new directors to take control of a major Baillie Gifford investment trust, and will encourage the directors if they are elected to offer shareholders a full cash exit at or near the net asset value of the trust.

  • August 24, 2026

    Fraud Taskforce Chief Shifts Focus Amid 'Systemic' Warnings

    Fraud is a "systemic threat" to financial institutions and must be addressed by governments worldwide to crack international criminal networks, the president of the Financial Action Task Force said Monday.

  • August 24, 2026

    FCA Urges Big Tech To Take 'Proactive' Anti-Fraud Steps

    Big tech companies must pull their weight to stop fraudsters by adopting a more "proactive" approach toward preventing their platforms from being exploited, the Financial Conduct Authority said Monday.

  • 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.

Expert Analysis

  • Key Points From HMRC's Tax Reform Proposals

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    Although HM Revenue & Customs’ recent proposals for reform of U.K. transfer pricing and permanent establishment rules align with the latest international consensus, certain amendments may lead to future controversy, say lawyers at Skadden.

  • What To Note As UK Adopts OECD Crypto Disclosure Rules

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    With the U.K.’s recent announcement that it will adopt the Organization for Economic Cooperation and Development's crypto-asset reporting framework, users and providers will benefit from understanding the context surrounding the decision and the framework's intended goal of clamping down on tax evasion, say lawyers at Brown Rudnick.

  • Comparing Stablecoin Bills From UK, EU, US And Hong Kong

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    For multinational stablecoin issuers, navigating the differences and similarities among regimes in the U.K., EU, Hong Kong and U.S., which are currently unfolding in several key ways, is critical to achieving scalable, compliant operations, say attorneys at Morgan Lewis.

  • How UK Law Firms Can Counter Money Laundering Threat

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    With figures released in May showing that money laundering was the biggest source of fraud in the U.K. last year, law firms should focus on internal identification and prevention strategies, considering the scale and nature of potential risk exposure depends on several business factors, says Niall Hearty at Rahman Ravelli.

  • Key Takeaways As EU And UK Impose New Russia Sanctions

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    The European Union and U.K.’s new sanctions on Russia, designating increasing numbers of non-Russian companies in the defense and shipping sectors, mean that organizations must examine from the outset whether a transaction has any nexus with the EU or the U.K., say lawyers at Sullivan & Cromwell.

  • Pension Schemes Bill's Most Notable, Controversial Measures

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    The long-awaited Pension Schemes Bill recently introduced to Parliament creates a framework for harnessing money saved in U.K. workplace pension funds to grow the country’s economy, but provisions relating to local government pension scheme investment, and scale and asset allocation, are controversial, says Claire Dimmock at Squire Patton.

  • What New FCA Private Stock Market System Could Offer Cos.

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    While the Financial Conduct Authority’s new secondary private stock market system will bring more control and less ongoing regulatory compliance than a public market, but because the regime grants a significant degree of flexibility to operators it may be some time before a full operational picture emerges, says Iain Wright at Morgan Lewis.

  • Fraud Office Guidance Highlights Value Of Self-Reporting

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    New guidance from the U.K.'s Serious Fraud Office on corporate self-reporting, cooperation and deferred prosecution agreements provides a useful framework for companies navigating criminal investigations and their potential resolutions — and underscores that corporations that self-report are in a better position to obtain DPAs than those that do not, say lawyers at Skadden.

  • Open Questions As FCA Prepares Buy Now, Pay Later Rules

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    HM Treasury’s recent response to its consultation on buy now, pay later lending regulation is clear on policy, but with rules still to be set by the Financial Conduct Authority it is difficult for firms to plan for change, and they should take advantage now of the opportunity to liaise with the regulator, say lawyers at Hogan Lovells.

  • What End of Payment Systems Regulator Means For Biz

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    The U.K. government’s plan to abolish the Payment Systems Regulator and absorb its functions into the Financial Conduct Authority should eventually lighten the compliance burden for businesses under the PSR’s remit, which may in turn encourage growth, but the proposed changes will roll out slowly, say lawyers at Farrer & Co.

  • Compliance Lessons From Art Dealer's Terror Financing Plea

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    Regulated businesses can learn from the missteps of a recently convicted London art dealer, who failed to disclose sales to a suspected Hezbollah financier, by implementing compliance measures like anti-terrorism financing screenings as robust as their anti-money laundering policies and training staff to spot red flags, say lawyers at White & Case.

  • UK Securities Tax Reform Will Be Welcomed By Investors

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    The proposed reforms resulting from HM Revenue & Customs' recent consultation on modernizing stamp taxes on shares, suggesting a single digital tax on securities to replace stamp duty and stamp duty reserve tax, are expected to reduce complexity for investors transacting in U.K. securities, say lawyers at Ropes & Gray.

  • UK Capital Reforms May Help Startup Founders, VC Investors

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    Hidden in the U.K. Financial Conduct Authority's recent proposals on the definition of capital for investment firms are changes to the eligibility requirements for instruments to be included in a firm's regulatory capital — changes that may reduce the risk of investing, especially in early-stage fintech firms, says Andrew Henderson at Goodwin.

  • EU Watchdog's ESG Dashboard Raises Transparency Bar

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    The European Banking Authority’s recently introduced ESG dashboard is a key tool in aligning financial institutions with the European Union's sustainability policies, and fundamentally alters the risk environment by transitioning climate-related data from a compliance afterthought to a core component of strategic decision-making, says Kristýna Tupá at Schönherr.

  • What To Note As HM Treasury, FCA Plan New Crypto Regs

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    Taken together, HM Treasury’s recently proposed crypto-asset regulations and the Financial Conduct Authority’s new discussion paper on regulating crypto-asset activities provide key insights into the government's planned regime, which represents significant changes that will affect all firms providing related services, says Mark Chalmers at Davis Polk.

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