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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 09, 2026
Compensation payments for people who were wrongly advised to transfer out of valuable final-salary pensions are expected to drop to a record low from July to October, an actuarial consultancy has said.
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July 09, 2026
The City regulator said in its latest annual report on Thursday that it led an international crackdown on illegal financial promotions over the past year, making three arrests, requesting 650 social media takedowns and intensifying its fight against financial crime.
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July 09, 2026
The administrators of SSB Law have sued the collapsed firm's insurer for £19.5 million ($26 million), seeking to recover premiums the firm paid for insurance that covered its clients' cavity wall insulation claims.
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July 09, 2026
Outsourcing giant Capita warned Thursday that problems administering the U.K. Civil Service Pension Scheme will cut its 2026 profit by up to £40 million ($54 million) and delay its return to surplus cash generation.
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July 09, 2026
Britain's accounting watchdog said Thursday that 191 organizations meet the conditions to be signed up to its revised UK Stewardship Code, announcing that 290 businesses are now signatories to the framework.
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July 09, 2026
Workplace pension scheme Nest plans to invest up to £1 billion ($1.3 billion) in growing private companies via a dedicated venture capital portfolio managed by Schroders Capital, to boost long-term returns and increase backing for British startups.
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July 09, 2026
Around 85% of personal, workplace and state pension records are now connected to the retirement savings dashboard system, the government has said, highlighting that the delayed program is on track to meet its Oct. 31 deadline.
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July 09, 2026
Economic uncertainty and a shortage of willing sellers have driven merger and acquisition activity in the U.K. insurance distribution sector to its weakest first-half level in nearly a decade, according to a consultancy.
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July 08, 2026
A California federal judge has declined to reopen an asbestos suit by an insurance exchange for the trucking industry against a group of reinsurers as the parties battle whether to remove a supposedly "side-switching" arbitrator, saying the arbitration is proceeding in New York.
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July 08, 2026
British American Tobacco PLC faces a second group claim in London this year after more than 100 shareholders alleged it had failed to disclose information about its North Korean activities, which ultimately led to the company paying hundreds of millions in penalties.
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July 08, 2026
Insurance giant Aviva said Wednesday it has launched a new Lloyd's of London consortium with Axis to support renewable energy projects, in what the companies called the first agreement between specialist insurers to focus on onshore clean energy.
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July 08, 2026
The government said Wednesday it will pursue service provider Capita for reimbursement on a taxpayer-funded fix for the ongoing Civil Service Pensions Scheme debacle.
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July 08, 2026
The U.K. government must reform workplace pensions as the current system still cannot provide adequate retirement incomes for many workers, a trade body warned on Wednesday.
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July 08, 2026
Insurance giant Aviva said Wednesday it has successfully completed its £350 million ($468 million) stock repurchase plan, which is expected to lower the company's share capital.
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July 08, 2026
The audit watchdog said Wednesday that the use of artificial intelligence tools in corporate reporting is still cautious and uneven across the market, despite many businesses considering adopting the technology over the coming year.
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July 08, 2026
The Financial Conduct Authority said Wednesday in its latest enforcement watch newsletter that it is conducting 11 investigations into potential breaches of the Consumer Duty.
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July 07, 2026
Lloyd's of London's Belgium-based subsidiary has lost a bid to overturn a decision ordering it to pay $3.7 million to a ship financier to cover losses after a cargo ship struck a mine in Ukrainian waters, with a London appeals court ruling that a forged insurance policy did not sink the lender's claim.
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July 07, 2026
European financial authorities warned Tuesday that the latest generation of artificial intelligence poses "a paradigm shift for cybersecurity" as the technology could enable bad actors to launch faster, cheaper and more sophisticated attacks on the financial market.
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July 07, 2026
Dozens of major companies pledged on Tuesday to strengthen their cyberdefenses amid a surge in AI-enabled attacks by foreign states and criminal groups that cost the U.K. economy an estimated £14.7 billion ($19.7 billion) annually.
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July 07, 2026
The government has said it accidentally overtaxed millions of Britons for their state pension income over four years, but that the tax ministry is working to ensure the error will not be repeated.
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July 07, 2026
The owners of a ship stranded in a Ukrainian port told a London court Tuesday that their war-risk insurers, including Lloyd's and Berkshire Hathaway, are liable for approximately $3.4 million in maintenance and replacement insurance costs after Russia's invasion trapped the vessel in a war zone.
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July 07, 2026
Underwriter ANV Group Holdings Ltd. has said it completed its acquisition of Lloyd's of London intermediary Iris Insurance Brokers Ltd., as it plots further U.K. expansion.
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July 07, 2026
Capita PLC said Tuesday that its handling of the Civil Service Pension Scheme was "not good enough" after the government withheld £9.9 million ($13.2 million) in payments under its contract to administer the program, citing missed performance targets and service failures.
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July 07, 2026
A transport and logistics insurer warned on Tuesday that a forecasted "super" El Niño poses a systemic risk to global supply chains because of its potential to drive up temperatures around the world.
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July 06, 2026
Britain's financial services lifeboat fund has said it paid out £267 million ($365.7 million) in compensation to more than 14,000 customers affected by companies failing in the last financial year.