Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.
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The U.K.'s top appeal courts have handed down a series of significant judgments in 2026, reshaping the tax treatment of members of LLPs, the management of mass consumer claims and the rules governing who can conduct litigation.
The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.
Insurers covering vessels transiting the Strait of Hormuz could be at risk of breaching international sanctions against Iran if they reimburse shipowners that might be forced to pay transit tolls to Tehran under any settlement reached after the war, legal experts warned.
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Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.
The U.K.'s top appeal courts have handed down a series of significant judgments in 2026, reshaping the tax treatment of members of LLPs, the management of mass consumer claims and the rules governing who can conduct litigation.
The use of artificial intelligence by wealth managers will amplify weak financial crime controls identified by the Financial Conduct Authority and increase the threat of crime, lawyers warned.
Insurers covering vessels transiting the Strait of Hormuz could be at risk of breaching international sanctions against Iran if they reimburse shipowners that might be forced to pay transit tolls to Tehran under any settlement reached after the war, legal experts warned.
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September 02, 2026
Tower Insurance Brokers has acquired insurance intermediary Riskworks Business Services Ltd. as it "sets its sights" on expanding in northwest England and beyond.
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September 02, 2026
The Financial Conduct Authority's new rulebook on non-financial misconduct for 37,000 asset managers, insurers and other non-banking companies that took effect on Tuesday has raised new uncertainties and risks.
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September 02, 2026
Clara-Pensions said Wednesday it has taken on 400 members and around £40 million ($54 million) in assets from an unnamed pension plan, marking the sixth deal announced by Britain's only superfund.
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September 02, 2026
Nearly four in 10 pension plan trustees say the rise in legal fees has been the single largest increase in costs for running their retirement savings programs over the past year, TPT Retirement Solutions said Wednesday.
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September 01, 2026
The U.K. government set out further detail on inheritance tax reporting rules to be rolled out for pension schemes as part of fiscal changes to bring unused pension pots into taxation in April 2027, according to a policy paper.
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September 01, 2026
The U.K. has seen more than 1 million pensioners dragged into higher income tax bands as a result of tax thresholds being frozen for five years, according to HM Revenue & Customs data revealed Tuesday.
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September 01, 2026
Gateley PLC has been sued for £820,000 ($1.1 million) after allegedly negligent advice it provided on a residential property investment company's pension program resulted in the client racking up costs through unnecessary further court proceedings.
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September 01, 2026
Policymakers should focus on implementing current reforms to the £400 billion ($541 billion) Local Government Pension Scheme and not "structural upheaval" of a plan that is working successfully, a trade body said Tuesday.
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September 01, 2026
A global stability standards setter has warned major economies that frontier artificial intelligence models pose the most immediate AI-related threat to the financial system.
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September 01, 2026
The government has announced a series of measures designed to strengthen sanctions enforcement, including a doubling of the maximum penalty available to the Office for Financial Sanctions Implementation for breaches.
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September 01, 2026
Four insurance law firms that exclusively represent policyholders have joined forces to create a global firm operating in eight countries, including the U.S., the U.K., France and Spain, saying in an announcement Tuesday that it is the largest policyholder-side law firm in the world.
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September 01, 2026
Engineering firm Wood Group has secured the retirement benefits for all 16,400 members of its pension plan with a £1.65 billion ($2.23 billion) buy-in, consultancy Lane Clark Peacock said Tuesday.
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September 01, 2026
Risks linked to the projected $3 trillion financial investment in data centers over the coming years cannot be absorbed through traditional insurance capacity and will require a range of insurance-linked securities, a ratings agency said Tuesday.
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August 31, 2026
Aon said Monday it has agreed to buy U.S. insurance broker USI from private equity firm KKR and other shareholders in a $17 billion deal that would expand the London-based insurer's presence in the U.S. middle-market insurance segment.
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August 28, 2026
The past week in London has seen shoe brand Crocs bring an appeal against the chief executive of the U.K.'s Intellectual Property Office, singer Alanis Morissette sued by the former head of operations at Live Nation Israel and the son of convicted fraudster Guo Wengui file an appeal against the Chapter 11 trustee controlling his father's bankruptcy estate.
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August 28, 2026
Standard Life has warned that rapidly rising rents and an expected increase in renting during retirement will put pressure on pension incomes over the next two decades, exposing a "fundamental flaw" in the pension system.
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August 28, 2026
Insurance broker Aon said Friday that storms that swept through Europe in late August could result in damages stretching into hundreds of millions of euros.
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August 28, 2026
Tokio Marine said Friday that one of its subsidiaries has agreed to acquire Direct Commercial, a British commercial motor managing general agent, for £265 million ($360 million).
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August 28, 2026
The government should streamline rules that will allow pension bosses to tap into an estimated £160 billion ($217 billion) in surplus funds, a consultancy has said.
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August 27, 2026
Only one in six savers in the U.K. believe they can afford retirement, a pensions company has said, raising further concern that scores of Britons will have to rethink what later life looks like.
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August 27, 2026
DWF LLP has defeated an attempt by three personal injury claimants to revive a data privacy lawsuit after the Court of Appeal ruled on Thursday that they sought to advance a "new, unpleaded case."
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August 27, 2026
The government of Ireland should consider a flat national levy to fund an insurance safety net for floods, a trade body said Thursday, warning a major storm could result in €791 million ($921 million) in property damage.
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August 27, 2026
Pension sector bosses are undecided about who should benefit from an estimated £160 billion in surplus funds released under landmark reforms, a survey has found.
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August 27, 2026
Financial institutions need to manage a practical legal risk arising from intensified enforcement of China's anti-foreign sanctions law, a trade body for the sector said Thursday.
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August 27, 2026
Helvetia Baloise Holding AG said Thursday it has launched a new motor insurance product in Switzerland that aims to "bridge the gap" between partial and fully comprehensive cover, with premiums around a third lower than fully comprehensive policies.