Insurance UK

  • July 23, 2026

    Torsten Bell Reappointed As Pensions Minister

    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.

  • July 23, 2026

    FCA Warns Nonlife Insurers Of Conflicts Of Interest

    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.

  • July 23, 2026

    Gowling Guides £260M Pension Deal For Standard Life Unit

    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.

  • July 23, 2026

    FCA To Ban Father, Son From Finance After Fraud Trial

    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.

  • July 23, 2026

    Audit Watchdog Handed Out £18.2M In Sanctions In 2025

    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. 

  • July 22, 2026

    Broker Tries To Kick South African Workers' Case Out Of UK

    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. 

  • July 22, 2026

    UK Pension Reforms Need Tweaks To Protect Low Earners

    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.

  • July 22, 2026

    BoE Seeks To Clarify Rules For Financial Mutuals Deals

    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.

  • July 22, 2026

    Anthropic Joins FCA Sandbox To Speed Financial AI Tests

    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.

  • July 22, 2026

    Trustees Cite Pensions Dashboards As Top Challenge

    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.

  • July 22, 2026

    Lloyd's Says Ex-CEO Breached Rules Over Undisclosed Ties

    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.

  • July 21, 2026

    Truck Bound By Pact Not To Sue Arbitrator, NY Judge Says

    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.

  • July 21, 2026

    Santander Says £670M AXA PPI Indemnity Isn't Retroactive

    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.

  • July 21, 2026

    Sackers Steers £760M Pension Deal For Engineering Group

    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.

  • July 21, 2026

    Gov't Warned Of Trade-Off In Pensions Saving Reform

    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.

  • July 21, 2026

    Lloyd's Unit Beats Scrap Dealer Over Undisclosed Fire History

    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.

  • July 21, 2026

    Pension Scams Body Seeks Changes To Gov't Transfer Rules

    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.

  • July 20, 2026

    Burnham Vows 'Circuit Breaker' Moment As He Becomes PM

    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.

  • July 20, 2026

    PRA Hits Insurer With £4.1M Fine For Inaccurate Reporting

    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.

  • July 20, 2026

    FCA Tells Broker Anthony Jones To Stop Regulated Activity

    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.

  • July 20, 2026

    Gov't Warned About 'Blunt Thresholds' For Pension Investment

    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.

  • July 20, 2026

    Gov't Virgin Media Pensions Fix Not 'Universal Cure'

    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.

  • July 20, 2026

    New PM Urged To Prioritize 'Long-Term' Pensions Framework

    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.

  • July 17, 2026

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

    The past week in London has seen Snapchat and Dolby press on with a fresh infringement claim in their ongoing patent battle, The Telegraph face an intellectual property claim by a photo archive, a group of international human rights barristers and chambers sued, and oil business Equinor embroiled in a contract dispute with BP after recently acquiring full ownership in their offshore project. Here, Law360 looks at these and other new claims in the U.K.

  • July 17, 2026

    MPs Fail To Endorse Ex-Virgin Money Boss As FRC Chair

    The British government has named Virgin Money's former chief executive Jayne-Anne Gadhia as its preferred candidate to become chair of the Financial Reporting Council, despite a parliamentary committee stopping short of backing her for the role.

Expert Analysis

  • Striking A Balance Between AI Innovation And Regulation

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

  • FCA Proposals Reduce Consumer Duty Compliance Burden

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    The Financial Conduct Authority’s recent proposals to streamline the consumer duty regime represent a pragmatic response to industry concerns, with a move toward sector-specific supervision and potentially narrowing its scope for wholesale and cross-border business, say lawyers at Simmons & Simmons.

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