Insurance UK

  • September 18, 2025

    Women 'Hit Hard' By State Pension Age Increases

    Historical increases in the state pension age have had a disproportionate adverse effect on women in their late 50s who are not working, the Institute for Fiscal Studies has said.

  • September 18, 2025

    Charity Pension Plans 'Closer than Ever' To Buyouts

    The combined reserves of the 40 biggest charities in England and Wales that sponsor defined benefit retirement savings plans has dropped slightly, but many pension programs in the sector are now "closer than ever" to buyout, according to Hymans Robertson.

  • September 18, 2025

    Watchdog Weighing Rules Change On Offshore Reinsurance

    The U.K.'s financial watchdog said Thursday it is considering changes to regulation because it is worried about the threat posed by offshore risk transfer deals used by life insurers to meet surging demand from the pensions industry.

  • September 18, 2025

    Gov't Told To Remove Barriers To UK Pension Investment

    The government should lower the barriers to investment faced by the U.K.'s £3.2 trillion ($4.4 trillion) pensions sector if it is to secure additional funding for the economy, a trade body has said.

  • September 18, 2025

    UK Gov't Urged To Clarify Climate Plans For Pension Schemes

    The government must make its proposals for large companies and financial institutions to publish strategies for how they intend to align their businesses with global climate targets "clear, concise and relevant for pension schemes," a consultancy has said.

  • September 18, 2025

    Allied World Denies Liability In £3M 'Ponzi Scheme' Dispute

    An insurer has argued that it does not have to indemnify the liquidators of the business behind an investment plan for more than £3 million ($4 million), arguing there is no evidence that the investment was a Ponzi scheme.

  • September 17, 2025

    Generali Denies £2M Claim Over Astellas Worker's Alzheimer's

    Generali Group has denied unreasonably refusing to pay out almost £2 million ($2.7 million) to Astellas on an income protection policy for a staffer with Alzheimer's disease, arguing that the employee did not become unable to work before the policy ended.

  • September 17, 2025

    FCA Unveils Tough Proposed Rules For Crypto Firms

    The Financial Conduct Authority set out Monday its proposed crypto-assets regulatory regime, with some wider reach than its rules for other sectors like banking or insurance to address technological exposures.

  • September 17, 2025

    FCA Sets Out Plan For Insurance Protection Market Review

    The Financial Conduct Authority has said it is on track to publish the first stage of its investigation into the insurance protection market by the end of the year.

  • September 17, 2025

    Watchdog Floats New Enforcement Plan Amid Oversight Shift

    Britian's retirement savings watchdog has said it plans to become a more proactive regulator through a new strategy it hopes will make enforcement "smarter, more strategic and more impactful."

  • September 17, 2025

    Pensions Watchdog Sharpens Focus On Professional Trustees

    The Pensions Regulator said Wednesday that it will continue with its plans to strengthen oversight of the professional trustee sector, after it emerged that 80% of the market was controlled by just four providers.

  • September 17, 2025

    Workers Cutting Pension Contributions To Make Ends Meet

    More than half of British workers have at least considered reducing their pension payments in the past year to help pay bills, according to research from a retirement company published Wednesday.

  • September 17, 2025

    Spanish Online Bank Can't Void Insurance Brokerage's EU TM

    A Spanish online bank has lost its attempt to void an insurance brokerage's "Insurance Advisors Associated" trademark, failing to convince European Union officials that there is a risk of confusion with its earlier registrations.

  • September 17, 2025

    Dentons-Led REIT To Close, Sell Portfolio For £646M

    PRS said Wednesday that it has agreed to sell its property portfolio to a vehicle controlled by Waypoint Asset Management Ltd. for £646.2 million ($882 million) and then liquidate the real estate investment trust.

  • September 16, 2025

    BoE Set To Ease Rules For Foreign Insurers In UK

    The regulatory arm of the Bank of England set out proposals on Tuesday to raise the liability threshold for foreign-based insurance groups that operate subsidiaries in the U.K. and reduce some reporting requirements.

  • September 16, 2025

    Insurer Can't Duck $6M Bond Payout Over Ghana Power Plant

    A London court ordered a Ghanaian insurance company on Tuesday to pay a subsidiary of Greek industrial conglomerate Metlen almost $6.3 million for wrongly refusing to pay up under a bond the insurer claimed was obtained by fraud.

  • September 16, 2025

    Pension Pot Withdrawals Surged Nearly 36%, FCA Says

    Savers in Britain withdrew £70.9 million ($96.8 million) from their pension pots in the financial year that ended in March, data published by the Financial Conduct Authority on Tuesday shows, amid suggested concern over government plans to amend tax rules linked to retirement pots.

  • September 16, 2025

    UK Pensions Industry Should Drive 'Small Pots' Fix

    The government should use existing retirement industry infrastructure rather than create a costly new central "clearing house" for merging small pension pots, a trade body warned Tuesday.

  • September 16, 2025

    Conister Bank To Work With Fintech Biz On Overdraft Product

    Conister Bank said Tuesday that it will work with financial technology company Fiinu to introduce an overdraft product in the U.K. using open banking rules.

  • September 16, 2025

    State Pension Could Breach Tax Threshold In 2027

    British pensioners will be forced to pay income tax on state pension benefits from 2027 unless minimum earnings thresholds are lifted, experts said Tuesday in response to new data.

  • September 16, 2025

    Half Of Britons Unaware Of Pensions Policy Changes

    Some 51% of adults in Britain do not know about a range of pension policy changes that could affect their retirement plans, Schroders Personal Wealth has said.

  • September 16, 2025

    Eversheds Guides £250M Pension Deal For Defense Co.

    The U.K. arm of global defense contractor Ultra Electronics Holdings Ltd. has agreed a £250 million ($341 million) full-plan pension buy-in with Just Group, the financial services company said Tuesday.

  • September 15, 2025

    Only 41% Of Boomers Say They're Ready For Retirement

    Only 41% of the more than 3 million working people ages 60 to 69 in the U.K. feel prepared for retirement, Just Group said Monday.

  • September 15, 2025

    AerCap Wants £81M Costs From Insurers In Missing Jets Case

    Aircraft leasing giant AerCap is seeking £81 million ($110 million) in costs in the mammoth dispute over hundreds of aircraft stranded in Russia after the 2022 invasion of Ukraine, according to filings for a London court hearing that began on Monday.

  • September 15, 2025

    Insurance Premiums Could Rise If Catastrophe Losses Mount

    The insurance industry could be forced to eventually correct the trend of falling prices for property cover if natural catastrophe losses continue to mount, a ratings agency said Monday.

Expert Analysis

  • What To Note From FCA, Gov't Financial Growth Proposals

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    Recent Financial Conduct Authority and government proposals for financial services reform are positive developments for firms, signaling a drive to push forward growth and a willingness to be flexible in areas of regulation that the industry has long raised as barriers, say lawyers at Simmons & Simmons.

  • FCA Misconduct Guide Will Expand Firms' Duty To Investigate

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    The Financial Conduct Authority's recent proposals on workplace nonfinancial misconduct will place a greater onus on compliance and investigations teams, clarifying that the question to ascertain is whether the behavior is justifiable and proportionate, say lawyers at Ashurst.

  • Mansion House Speech Heralds New Financial Regulatory Era

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    The chancellor of the exchequer's recent Mansion House speech introduced a sweeping commitment to modernize regulation, which will require U.K. retail banks and building societies to revisit core assumptions, and allow lawyers to play a key role in shaping the new rules, say lawyers at Addleshaw Goddard.

  • Key Points From EU Proposals To Ease Securitization Rules

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    The European Commission’s recently proposed securitization framework amendments aim to relax existing rules, such as by reducing due diligence requirements and removing the need for investors to conduct certain prescribed compliance verifications by sponsors or original lenders, say lawyers at McDermott.

  • What To Expect As FCA Preps To Launch AI Testing Service

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    The Financial Conduct Authority’s forthcoming artificial intelligence live testing service will provide participants with access to appropriate regulatory expertise, but to gauge the tool’s potential utility, it is important to understand how it fits in with what the regulator is already doing, says Omar Salem at Fox Williams.

  • EU Banking Watchdog Regulations Herald New AML Era

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    The European Banking Authority’s forthcoming anti-money laundering package will set a framework for compliance across the European Union by redefining the rules of engagement between financial institutions and supervisors, setting a new standard for transparency and accountability, say lawyers at A&O Shearman.

  • What To Expect As UK, US Gov'ts Develop Stablecoin Policies

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    While the U.K. and U.S. governments’ policies both suggest that fiat-backed stablecoins can improve efficiency and safety in payments systems, a perception that crypto-assets remain high risk means consumers are unlikely to use them in significant volume anytime soon, say lawyers at Cadwalader.

  • What Insurers Can Do To Prepare For PRA 'Solvent Exit' Rules

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    With less than a year until the Prudential Regulation Authority's new solvent exit rules for insurers come into force, it is critical that firms prepare to meet the imminent deadline by outlining an execution plan and establishing clear governance arrangements, say lawyers at Holman Fenwick.

  • How Regulators Want Online Platforms To Fight Finance Fraud

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    Recent statements from the International Organization of Securities Commissions and the European Securities and Markets Authority make clear that online platform providers are expected to adopt proactive measures to prevent the promotion of unauthorized financial services and related misconduct, say lawyers at Taylor Wessing.

  • FCA Notes Industry Criticism But Keeps Transparency Focus

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    The Financial Conduct Authority’s recently updated enforcement guide finally gives up the "naming and shaming" public interest test, demonstrating that the regulator has recognized the industry's serious concerns while maintaining less contentious aspects of its proposals to improve transparency in investigations, say lawyers at Irwin Mitchell.

  • Court Backing Of FCA Pensions Ruling Sends Key Message

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    The Upper Tribunal’s recent upholding of the Financial Conduct Authority's decisions against CFP Management directors serves as a judicial endorsement of the regulator’s approach to defined benefit transfers, underscoring that where the advisory model is fundamentally flawed, the consequences for those in control can be severe, say lawyers at RPC.

  • 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.

  • Decoding Arbitral Disputes: Prestige's Jurisprudential Legacy

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    The U.K. Supreme Court's recent denial of appeal ended Spain's decades-long quest to enforce an €855 million arbitral judgment against a London insurer, throwing into stark relief the increasingly complex relationship between arbitral sovereignty, foreign state immunity and the shifting terrain of post-Brexit private international law, says Josep Galvez at 4-5 Gray's Inn.

  • 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.

  • A Shifting Landscape Of Greater Scrutiny After Data Breaches

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    Recent Information Commissioner's Office fines for personal data breaches and a Home Office consultation signal a shift in the U.K. regulatory landscape, and with an increase in mass actions and resulting exposure, organizations should prepare for potential third-party claims from those incurring consequential losses, say lawyers at Atheria.

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