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Insurance UK
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August 28, 2025
Pension Sector Told Not To Ignore Growing Bitcoin Cos.
Pension scheme trustees should "not ignore" the growing influence of businesses raising money to buy bitcoin as part of their financial strategies, a retirement saving specialist has said.
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August 28, 2025
Pension Trustees Warned To Better Vet Cyber Resilience
Pension funds trustees must demand the right evidence on cyber resilience after incidents at Marks & Spencer, Harrods and the Co-op showed how damaging security breaches can be, according to best practice guidance released by a pensions administrator.
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August 28, 2025
MPs Urged To Back Amendment On Pensions Inflation Rules
British lawmakers have been urged to back an amendment to draft pensions legislation that will allow retirement benefits for older pensioners to rise with inflation.
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August 28, 2025
Broker Denies Negligence Claim Over PI Policy Notice
An insurance broker has said it is not liable for allegedly failing to tell a building service engineer's insurer about a row the engineer is involved in over the installation of a generator system, arguing that it had given the notification.
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August 28, 2025
Pensions Body Urges Rethink On Pension Investment Powers
The largest trade body for the U.K. retirement sector has hit out at plans by the government that will effectively allow it to direct investment of pension funds.
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August 28, 2025
FCA Names Pensions Exec As New Chair For Small Biz Panel
The Financial Conduct Authority said Thursday that it has appointed pensions executive Will Self as chair of its advisory panel for small business matters as the regulator help the sector explore new technology.
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August 27, 2025
Swiss Bank Seeks Docs From AIG For Dutch Arbitration Fight
A Swiss private bank is seeking discovery from AIG Inc. for use in a Dutch court case in which the bank wants vacated an arbitral award denying its claim for $90 million in coverage from the insurer's European subsidiary, the bank told a New York federal court.
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August 27, 2025
Prudential Plans $1.1B Share Buyback Over 2 Years
British insurance and asset management giant Prudential PLC said Wednesday that it plans to return $1.1 billion to its shareholders by buying back its shares in 2026 and 2027, as it released "strong" financial results for the first half of 2025.
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August 27, 2025
FCA Clarifies Its Rules For Workplace Savings Accounts
The Financial Conduct Authority warned Wednesday that employers who encourage employees to open workplace savings accounts must comply with its regime on financial advertising, according to a statement clarifying the rules.
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August 27, 2025
UK Gov't Warned Against Insurance Tax Hikes In Fall Budget
The government could inadvertently pile additional pressure on public healthcare if it decided to raise the insurance premium tax rate in the coming budget, a consultancy warned Wednesday.
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August 27, 2025
Call For More Clarity In Pensions To Aid Neurodiverse Adults
Improving the clarity of communication and language used for savers in the pensions sector would improve accessibility for neurodiverse adults, a U.K. trade body has said.
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August 27, 2025
FCA Urged To Intervene On 'Novel Length' Insurance Docs
Insurers are still sending policy documents to customers that are equivalent in length to short novels by Kafka and Steinbeck, a consumer body has warned, despite new regulation geared toward making financial services products more intelligible.
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August 27, 2025
HSF Kramer Guides Fragrance Co.'s £134M Pension Deal
The U.K. subsidiary of flavor and fragrance giant Givaudan International SA has agreed a full-scheme pension buy-in with Aviva PLC that is worth £134 million ($180 million), the insurer said Wednesday.
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August 26, 2025
Lloyd's Insurer Beats Manager's Whistleblower Appeal
A Lloyd's syndicate has beaten an underwriter's attempt to resurrect his whistleblowing claim over alleged fraud after a London appellate tribunal didn't see any legal errors in a lower tribunal's analysis of his case.
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August 26, 2025
Boost Fraud Controls Before Law Change, RSA Urges Insurers
RSA told the insurance sector on Tuesday that it should review and strengthen its antifraud controls ahead of forthcoming legislative changes designed to improve safeguards in Britain.
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August 26, 2025
Exchanges Body Warns EU Of Risk Of US Share Digitalization
A London-based global exchange group said Tuesday that it has warned the European Union's financial markets watchdog of growing risks to investors posed by U.S. shares that have been digitalized by unregulated brokers and crypto-asset trading platforms.
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August 26, 2025
UK Regulator Saves Pension Scheme From Insolvency
The U.K.'s retirement savings watchdog said Tuesday it was able to secure £7 million ($9.4 million) in backing for a beleaguered staff pension scheme, after the plan's original sponsor went bust.
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August 26, 2025
Pension Funds Join £3B Funding For Infrastructure Project
A coalition of U.K. pension funds has backed a £3 billion ($4 billion) funding package for a major utilities project in northwest England following a government-led initiative to get the sector to invest more in the economy.
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August 26, 2025
UK Savers Mull Crypto-Investment For Retirement, Aviva Says
More than a quarter of British savers would consider investing in cryptocurrency as part of their retirement planning, insurance giant Aviva said Tuesday.
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August 26, 2025
Squire Patton Guides Textiles Co. On £11M Pension Deal
The pension plan of bedding manufacturer John Cotton Group Ltd. has agreed an £11 million ($15 million) full-scheme buy-in with Just Group, the financial services company said on Tuesday.
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August 22, 2025
HMRC Tightens Pension Tax Relief Claims By Higher Earners
The U.K. is restricting pension tax relief claims for higher earners in a change coming into effect next month, Britain's tax authority said.
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August 22, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen football manager Bruno Lage sue the owner of Olympique Lyonnais and Botafogo football clubs, luxury fashion brand Christian Dior Couture target a jewelry business trading under the same name, and a Russian motorsports promoter take action against Formula One after it canceled its Russian Grand Prix in 2022.
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August 22, 2025
1 In 4 UK Homeowners Unaware Of Flooding Risk
A quarter of Britons don't know whether their house is at risk of damage from flooding and storms, and only 27% of those would know how to find out if it is, the Association of British Insurers said Friday, weeks before the start of autumn in the U.K.
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August 22, 2025
Pension Body Opposes UK Gov't Plan For Mandated Investing
The government must drop its plan to introduce a "reserve power" that will allow it to force pension funds into making U.K. investments, a trade body said Friday.
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August 22, 2025
UK State Pension Could Rise 4.6% Under Triple Lock Pledge
The state pension could rise by £551 ($746) a year for Britons in 2026 under the so-called triple lock, piling additional costs on taxpayers, a consultancy warned on Friday.
Expert Analysis
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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.
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Considering A More Cost-Effective Future For The SFO
In light of multiple recent examples of U.K. Serious Fraud Office investigations yielding far less than the agency may have hoped for, a new approach to prosecuting individuals and corporations may be a smart investment, says Azizur Rahman of Rahman Ravelli.
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Lessons From Carphone Warehouse's Partial FCA Settlement
In the first case decided under the U.K. Financial Conduct Authority's new partial settlement process, Carphone Warehouse demonstrates not only the possible value of cooperating with authorities but also the cost of failing to right previous wrongs, says Syedur Rahman of Rahman Ravelli Solicitors.
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Collective Redress In The EU: Past, Present And Future
Legislative processes harmonizing collective redress throughout the European Union have accelerated, leading to a proposed requirement that all member states establish collective action mechanisms, but some worry that the directive lacks sufficient guarantees against abusive litigation, say Philippe Métais and Elodie Valette of White & Case LLP.
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Lenders Score Major High Court Victory In Foreclosure Case
The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.
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3 Brexit Scenarios And Their Implications For US-UK Trade
Brexit negotiations are likely to result in one of three scenarios later this month: a Brexit deal, no Brexit at all or a "hard" no-deal Brexit. Each possibility will have different implications for the prospects of a U.S.-U.K. free trade agreement, says Dean Pinkert of Hughes Hubbard & Reed LLP.
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Frustrating Events: Are Your Contracts Brexit-Proof?
In Canary Wharf v. European Medicines Agency, the U.K. High Court recently ruled that the U.K.'s withdrawal from the European Union will not discharge the EMA's lease obligations. Following Brexit, most similar arguments invoking force majeure or frustration are unlikely to succeed, say Rebecca Dipple and Wayne Hofer of Orrick Herrington & Sutcliffe LLP.
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Simple Secrets For Writing A Killer Brief
These days, the legal profession offers meager opportunity for oral argument, so we need to focus on being better, brighter, tighter writers. And the key to writing a better brief is grabbing your judge's attention with a persuasive, well-crafted story, says Daniel Karon of Karon LLC.
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What 2019 Has In Store For UK Data Protection
Many of the big data protection compliance themes of 2018 will continue on this year, including even General Data Protection Regulation preparation, but the possibility of a no-deal Brexit may complicate matters, says Stewart Room of PwC LLP.
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Opinion
Brexit International Arbitration Clause Is Misunderstood
Much of the criticism aimed at the international arbitration clause in the recent Brexit withdrawal agreement unfairly identifies a perceived lack of transparency and appears to be based on a lack of understanding about the process, says Margarita Michael of O'Melveny & Myers LLP.
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The Lawyer's Daily
How To Requalify As A Lawyer In Canada
Becoming a lawyer in Canada is a challenging experience for foreign qualified lawyers. In addition to the bar exam, hurdles include obtaining certification from the National Committee on Accreditation, and complications from moving to Canada halfway through the process, says Kyle Abrey, in-house counsel at the Royal Bank of Canada.