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Insurance UK
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September 18, 2025
UK Faces Pensions Crisis As Millions Risk Retirement Penury
Britain will have to radically rethink what retirement means, amid a growing number of warning signs that millions of savers will have to work longer and retire with less income than their parents, unless the government intervenes, pension experts have warned.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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September 15, 2025
Aegon To Extend Pensions App To More Than A Million Savers
Financial services firm Aegon said Monday it wants its Mylo app for tracking pension balances and information to be available to more than a million people, saying it understands the "emotional challenges" people face with their finances.
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September 15, 2025
Squire Patton-Led Insurer Agrees Revised Offer For Indian Biz
CPP Group PLC said on Monday that the two potential local buyers of its India-based subsidiary have decreased their offer for the company, which the U.K. insurance products provider is selling in order to streamline its operations.
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September 15, 2025
Employers Expect Budget Reform On Pension Salary Sacrifice
Nine out of 10 U.K. employers expect the government to ditch tax breaks on pension salary-sacrifice arrangements when it unveils its autumn Budget, a survey has found.
Expert Analysis
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The Problem — And Opportunity — Of Implicit Bias In The Bar
Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.
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Roundup
Pursuing Wellness
In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.
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Series
Why I Became A Lawyer: Expanding The Meaning Of Diversity
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
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2 Perspectives On Navigating The Litigation Funding Process
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.
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Answers To Key Legal Finance Ethics Questions
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
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Competing Legal Factors Vex Insurance Arbitration Disputes
The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.
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Cannabis Investors Should Beware Money Laundering Risk
Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.
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Real-Life Lessons For Lawyers From 'Game Of Thrones'
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
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UK Firms Should Be Prepared For Government Raids
Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.
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Series
Why I Became A Lawyer: Completing The Journey Home
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.
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3 Insurance Issues Raised By The Notre Dame Cathedral Fire
The devastating Notre Dame Cathedral fire provides a rare opportunity to consider the many unique factors that owners and insurers must consider when insuring national treasures, say attorneys at Zelle.
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Where The Post-Libor Litigation Tsunami Will Hit
The permanent cessation of the Libor rate in 2021 will likely trigger a flood of litigation over many existing contracts that lack effective replacements. Marc Gottridge of Hogan Lovells identifies the types of products that may be most susceptible to disputes.
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Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant
The U.K. Department for Digital, Culture, Media and Sport's latest cybersecurity survey shows that U.K. cyberattacks have decreased in the last 12 months, likely thanks in part to the General Data Protection Regulation. But companies' cybersecurity efforts should continue to evolve, say experts at PriceWaterhouseCoopers.
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UK Antitrust Watchdog Proposals Would Bolster Enforcement
The U.K. Competition and Markets Authority's proposals for reshaping competition enforcement and consumer protection would shift the historical balance in U.K. competition policy, increasing regulatory burden on companies while weakening judicial scrutiny of CMA actions, says Bill Batchelor of Skadden.
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Guest Feature
Preet Bharara On The Human Factor In The Justice System
A key theme in Preet Bharara's new book is the enormous role the human element plays in the administration of justice. The former U.S. attorney for the Southern District of New York discussed this theme, among other topics, in a recent conversation with White and Williams attorney Randy Maniloff.