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Insurance UK
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August 29, 2025
FCA Urged To Shield Firms Offering Targeted Support
Financial services companies could be held back from offering "targeted support" to customers, out of concern they could be ordered to fork out compensation down the road, a financial adviser warned.
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August 29, 2025
Finance Sector 'Risks Losing Talent' Over Class Ceiling
Just two in five young people from lower socioeconomic backgrounds believe the financial services industry is "open to them," according to research by an insurance company.
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August 28, 2025
FCA Cuts Data-Reporting Burden For 36,000 Companies
The Financial Conduct Authority said Thursday it has removed some data reporting requirements under the senior managers' regime for 36,000 businesses, representing 95% of those it authorizes.
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August 28, 2025
Osborne Clarke Steers Advisory Giant's £60M Pension Deal
The U.K. pension plans of accountancy and business advisory firm BDO LLP have agreed a £60 million ($81.1 million) full-scheme buy-in with financial services company Just Group, Broadstone said Thursday.
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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.
Expert Analysis
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Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.
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What To Expect During The Brexit Transition Period
While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.
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Opinion
Legal Prediction Is Demanding But Not Impossible
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
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Surefire Marketing Methods To Build Your Legal Practice
Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.
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Mandatory Mediation May Lie Ahead For England And Wales
The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.
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Key Risks And Developments For UK Law Firm Culture In 2020
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.
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#MeToo Pressure On UK Businesses Is Set To Rise
Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.
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Opinion
UK's Insurer Investigations May Not Help Policyholders
The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.
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The Outlook For Autonomous Vehicles In The UK And US
As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
Despite concerns that London may be considered a less attractive place to do business post-Brexit, there are many reasons to believe that the city will retain its position as a globally favored arbitral seat, say Adrian Jones and James Wagner at FaegreBD.
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Post-Brexit UK Likely To Conform With EU On Human Rights
In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.
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The Evolution Of GDPR Enforcement Across The EU
With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.
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Series
Why I Became A Lawyer: Being There For Families In Trouble
My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.
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3 Ways To Leverage Vulnerability For Lawyer Well-Being
Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.