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Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
Prime Minister Keir Starmer announced plans on Monday to step down after losing the support of the Labour Party for him to stay on, clearing the way for former Manchester mayor Andy Burnham to launch his bid for the top job.
New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.
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Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
Prime Minister Keir Starmer announced plans on Monday to step down after losing the support of the Labour Party for him to stay on, clearing the way for former Manchester mayor Andy Burnham to launch his bid for the top job.
New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.
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July 03, 2026
An appeals court rejected on Friday an insurer's argument that its former chief executive had dishonestly pocketed £1.7 million ($2.3 million) from the business, ruling that a judge had fairly concluded that he believed he was authorized to take the money.
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July 03, 2026
Insurance giant Allianz has launched a new managing general agent to offer U.K. motorists access to car insurance through streamlined digital channels.
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July 03, 2026
The Financial Conduct Authority has set out proposals to simplify how financial services platforms and advisers disclose investment costs to consumers by merging fragmented rules on disclosure into a single approach.
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July 03, 2026
More than nine in 10 U.K. pension professionals expect to take advantage of planned new government rules that would allow defined benefit retirement schemes to release surplus funds, a pensions consultant has said.
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July 03, 2026
German Khan can't lift European Union sanctions against him, because the oligarch manages the assets of Alfa Bank which is one of the most important companies in Russia's banking sector, an advocate general of Europe's top court has said.
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July 03, 2026
Insurance giant Allianz has sued the British and Romanian arm of an international road haulage company for around £1.7 million ($2.27 million) over the "willful misconduct" it said led to thieves getting away with high-value Burberry stock.
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July 03, 2026
The markets watchdog of the European Union has released a plan to simplify transaction reporting for financial institutions by eliminating duplication across rules as it seeks to save up to €1 billion ($1.14 billion) a year.
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July 02, 2026
Three personal injury claimants on Thursday sought to revive their data privacy claim against DWF, arguing at an appeals court that the law firm should not have shared their health data in proceedings involving their insurers without removing identifying information.
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July 02, 2026
The U.K.'s state-backed flood insurance body has said it will slash premiums for renters or owners in low-value housing, as part of a wider restructuring.
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July 02, 2026
The trustees of a pension plan for former British coal industry workers have appointed asset management giant BlackRock as investment manager for the £8 billion ($11 billion) retirement savings program.
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July 02, 2026
The Financial Conduct Authority warned insurance companies on Thursday that consumers with savings in older pension investment products might not be getting good value for their money.
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July 02, 2026
A U.S. insurer for classic cars said Thursday that it has agreed to acquire British specialty motorcycle insurance broker Bennetts from Lucida Group for £34 million ($43 million).
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July 02, 2026
A retirement savings plan in the oil and gas sector has completed a full-scheme buy-in worth £48 million ($64 million), securing the retirement benefits of more than 500 pensioners and deferred members, Canada Life Ltd. said Thursday.
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July 01, 2026
A trade union representing workers in the civil service has called on the government to intervene after claiming that Capita has missed a deadline to fix problems with the public sector pension program.
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July 01, 2026
The U.K. retirement savings watchdog said Tuesday that the number of workplace pension funds declined by 15% in 2025 and that it expects further consolidation in the market this year.
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July 01, 2026
The U.K. pension sector needs to prepare for potentially severe financial risks from climate change, a trade body has warned.
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July 01, 2026
U.K. pension providers have entered a "critical period" where they must ensure their systems, data and customer support functions are ready for public use, as a deadline approaches for the government-backed pensions dashboard project, an insurance technology company warned Wednesday.
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July 01, 2026
A group of businesses, including hotels and spas in the U.K. and Europe, cannot rectify an insurance contract agreed to with Generali that would ultimately help them recover approximately €160 million ($182 million) in business interruption losses from the COVID-19 pandemic, a court has ruled.
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July 01, 2026
The Associated Board of the Royal Schools of Music has completed a £35 million ($46.4 million) full buy-in to secure the retirement benefits of all 253 members of its U.K. retirement savings plan, Pension Insurance Corp. PLC said Wednesday.
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June 30, 2026
Thousands of motorists can pursue claims against car finance providers as a group, a London appellate court affirmed Tuesday, saying that it was not an "irrelevant waste of time" to try lead cases to determine common issues between them.
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June 30, 2026
The Bank of England and the Financial Conduct Authority set out proposals Tuesday on how they will jointly regulate systemic stablecoin issuers in the U.K.
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June 30, 2026
The government should consider reforms to allow Britons to use pension wealth to get on the property ladder, a consultancy said Tuesday, warning that those living in rented accommodation are more likely to face poverty in retirement.
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June 30, 2026
The government has helped drive a decade of progress in increasing female representation in senior leadership positions across the financial services sector, but achieving complete gender parity is still decades away, a review by HM Treasury indicated on Tuesday.
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June 30, 2026
The U.K.'s pension compensation fund has rolled out changes that will mean that people suffering from a terminal illness receive benefits sooner.
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June 30, 2026
Global insurance intermediary ANV Group Holdings has agreed to acquire Assured Underwriting Group, a U.K. specialist managing general agent for the travel industry, to expand its European presence.