Financial services companies face closer scrutiny of weaknesses in their artificial intelligence governance and controls, with enforcement risk rising where significant consumer harm arises, lawyers have warned.
Rule changes introduced by the government in April that allow retirement savings plans to invest in listed closed-ended investment companies could help stem the exodus of real estate investment trusts from the London Stock Exchange, experts say.
Insurers are gradually ending their silence on whether existing policies respond to artificial intelligence risks, but an absence of consensus in the market means that legal advisers are having to navigate potential disputes over the scope of cover.
Lawyers and MPs are calling for an externally-led investigation into the handling by the Financial Conduct Authority of whistleblower Simon Andriesz before his recent suicide, the latest in a series of controversies over its treatment of whistleblowers.
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Financial services companies face closer scrutiny of weaknesses in their artificial intelligence governance and controls, with enforcement risk rising where significant consumer harm arises, lawyers have warned.
Rule changes introduced by the government in April that allow retirement savings plans to invest in listed closed-ended investment companies could help stem the exodus of real estate investment trusts from the London Stock Exchange, experts say.
Insurers are gradually ending their silence on whether existing policies respond to artificial intelligence risks, but an absence of consensus in the market means that legal advisers are having to navigate potential disputes over the scope of cover.
Lawyers and MPs are calling for an externally-led investigation into the handling by the Financial Conduct Authority of whistleblower Simon Andriesz before his recent suicide, the latest in a series of controversies over its treatment of whistleblowers.
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October 23, 2026
The Financial Conduct Authority and the Bank of England have proposed simplifying the senior managers and certification regime, which they say would save businesses £2 billion ($2.7 billion) a year.
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October 23, 2026
The past week in London has seen former solicitor Paul Baxendale-Walker file a claim, private equity firm Novalpina Capital sue its founder Stefan Emanuel Kowski amid fallout over its investment in NSO Group, and Boehringer bring a patents claim against Teva Pharmaceuticals.
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October 23, 2026
Retirement savings specialist Utmost Group took on £11.1 million ($15 million) in pension liabilities of a Welsh opera company through a buy-in transaction, a pensions advisory firm has said.
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October 23, 2026
The Financial Conduct Authority has released findings on "good and poor practice" in the use of artificial intelligence. Here, Tom Brown of Shoosmiths outlines five traps that financial services companies must avoid if they want to stay on the right side of the regulator.
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October 22, 2026
The Financial Conduct Authority's landmark Consumer Duty regime has not yet translated into improvements for home and travel insurance consumers, a cross-party House of Lords committee said Friday, warning that the City watchdog "must speed up" fixes in the market.
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October 22, 2026
The U.K. risks losing its ability to respond to rapid technological change, and regulators and industry must collaborate more quickly to protect financial markets from emerging threats, the head of the Financial Conduct Authority said Thursday.
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October 22, 2026
Pension scheme trustees should assess the exposure of their investment portfolio to artificial-intelligence risks, Britain's retirement savings watchdog said Thursday, warning of the hidden and concentered dangers emerging as more capital is directed to companies behind the technologies.
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October 22, 2026
Three war-risk insurers must pay approximately $742,000 that owners of a ship stranded in Ukraine spent on its upkeep, the High Court has ruled — but they are not liable for $2.3 million the owners incurred when finding replacement insurance for the vessel.
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October 22, 2026
Pension Insurance Corp. has said it completed an £85 million ($114 million) pensions deal for the retirement plan of a commercial flooring manufacturer, in a deal advised on by CMS and Eversheds Sutherland.
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October 22, 2026
The European Union has rejected a London insurance broker's "Difficult. Done Well." trademark application, ruling that the sign is not sufficiently distinctive to function as a trademark.
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October 21, 2026
Swiss insurance giant Zurich said Wednesday it has appointed a new general counsel in the U.K. who joins from rival Standard Life.
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October 21, 2026
The Canada Pension Plan Investment Board and OMERS Infrastructure have agreed to sell their stakes in Associated British Ports to a fund managed by IFM Investors in order to exit a long-held investment, the companies said Wednesday.
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October 21, 2026
Standard Life said it has wrapped up a £275 million ($368.4 million) buy-in transaction with a pension program that is backed by U.K. waste management and recycling company Biffa, securing benefits for 3,070 members.
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October 21, 2026
The Financial Conduct Authority set out proposed guidance on Wednesday for regulated companies that use decentralized finance to encourage them to tackle heightened risks of crime and be resilient against cyberattack.
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October 21, 2026
A yacht owner has sued its Indonesian insurer for more than $1.5 million for allegedly failing to pay out on a policy after the boat sank following a fire on New Year's Eve in the vessel's laundry room.
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October 20, 2026
Allianz asked a London appeals court Tuesday to throw out an apartment block owner's £4.2 million ($5.6 million) claim for the costs of fixing fire safety defects, arguing that a lower court was wrong to conclude that a risk of fire was always "imminent."
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October 20, 2026
A London court said Tuesday that insurance firm HDI is liable for the cost of repairing a "floppy" wall at a house in southern England, ruling that the damage dates back to a storm 12 years ago.
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October 20, 2026
The government announced plans on Tuesday to investigate why savers in Britain might defer drawing down their state pension and whether any policy changes are needed.
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October 20, 2026
The government should scrap the tax added to health insurance policies as a "practical step" to support employers investing in workplace health and wellbeing, a financial services consultancy said Tuesday.
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October 20, 2026
The Central Bank of Ireland has issued separate warnings over two insurance companies it said were selling insurance without authorization in the country.
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October 19, 2026
A visible pipeline of investment opportunities is the way to unlock pension capital for U.K. private markets, the Pensions Management Institute said Monday, and not "more political pressure."
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October 19, 2026
A Missouri federal judge handed a win to a class of workers who claimed food service company Compass Group USA hit them with an illegal extra health plan fee if they used tobacco, finding the company didn't properly refund the surcharge as required under federal benefits law.
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October 19, 2026
French insurers will likely suffer losses of up to €1.2 billion ($1.35 billion) from riots that recently swept through the country, experts said Monday, warning that carriers will not yet benefit from a new state-backed riot insurance mechanism.
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October 19, 2026
A former U.K. pensions minister has called on the government to ensure that the administrative backlog in civil service pension payouts does not leave the families of deceased civil service pensioners exposed to heavy tax penalties.
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October 19, 2026
Four Allianz UK insurers can transfer their businesses to Allianz Insurance PLC under a "lift and drop" arrangement that could release up to £130 million ($173 million) for shareholders in Britain, the High Court has ruled.