Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Britain has launched landmark trials of robotaxis in London, but delayed regulation could leave insurers, operators and potentially victims fighting over the bill if there is a crash.
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.
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Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Britain has launched landmark trials of robotaxis in London, but delayed regulation could leave insurers, operators and potentially victims fighting over the bill if there is a crash.
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.
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September 10, 2026
The Solicitors Regulation Authority said Thursday it has barred a former employee at Manchester-based Nayyars Solicitors Ltd. from working for law firms it regulates after he made bogus claims to insurers.
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September 10, 2026
The total number of insurance complaints to the Financial Ombudsman Service rose 23% in the second quarter compared with the same period in 2025, an industry tracker said Thursday.
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September 10, 2026
Insurers should draw lessons from the $60 billion fallout from the 9/11 attacks when considering exposures to a possible future cyberattack, a ratings agency said.
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September 10, 2026
The total value of bulk purchase annuity deals for the first six months of the year is set to top £10 billion ($13.5 billion), Aon has said, driven by increasing competition among insurers and high demand from well-funded pension schemes.
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September 10, 2026
Covéa Insurance PLC has denied it owes money to a London pub and guest house operator for its alleged losses during the COVID-19 pandemic, arguing that the hospitality business has "highly inflated" the claim.
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September 09, 2026
The number of mergers and acquisitions between insurance agencies in the U.K. is 16% lower so far this year than the same period in 2025, a financial adviser has said, with the lowest number of deals announced between June and August since 2017.
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September 09, 2026
Clyde & Co. has hired an A&L Goodbody LLP partner to be head of corporate and regulatory insurance for Ireland, a recently launched division the new partner said Wednesday she is "very excited" to grow.
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September 09, 2026
EasyJet has been hit with a $72 million claim by the liquidators for the Irish arm of a Russian aircraft lessor, who allege that the airline "abandoned" six aircraft and stopped paying rent.
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September 09, 2026
The UK Space Agency has backed moves to create a new space mutual fund to cut mandatory insurance costs for British satellite operators.
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September 09, 2026
Insurers have denied owing a metal processing company £7 million ($9.5 million) for fire damage, arguing that the blaze was caused by unattended machinery.
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September 08, 2026
The Financial Conduct Authority has warned that financial firms have gaps in identifying shared risks and dependencies that could leave the sector exposed to rising geopolitical and defense threats.
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September 08, 2026
Warwickshire Pension Fund has appointed U.S. wealth manager Northern Trust to provide asset services, including valuation reporting and performance measurement.
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September 08, 2026
The Pensions Regulator said Tuesday that it would intervene earlier to prevent harm to retirement savers as part of an overhaul to its enforcement policy.
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September 08, 2026
An American film financier has sued a reinsurer for $19.3 million over its alleged failure to pay out to lenders after a borrower defaulted on a loan designed to fund preproduction costs of a sequel to Sylvester Stallone's 1993 thriller "Cliffhanger."
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September 08, 2026
Inconsistent definitions of what constitutes critical infrastructure in insurance policy wordings create "uncertainty" for the sector and could result in wide discrepancies in payouts if a severe cyber-event hits, a reinsurance broker has said.
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September 07, 2026
Three entities linked to the Awas aircraft leasing group have settled part of their more than £85 million ($115 million) lawsuit with two Lloyd's of London insurance syndicates over payments linked to planes stranded in Russia after the country's invasion of Ukraine in 2022.
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September 07, 2026
Chancellor John Healey declined on Monday to rule out tax hikes in the autumn Budget statement despite demands from industry groups to reduce the fiscal pressure on businesses.
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September 07, 2026
Two former insurance brokerage directors urged a tribunal on Monday to overturn a decision to ban them from working in financial services, arguing that the regulator had been wrong to rely on judicial findings they had engaged in fraud over the sale of their brokerage.
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September 07, 2026
City of London Police has said its first Report Fraud annual assessment, produced for the 2026 financial year, showed a 395% rise in the use of artificial intelligence behind scams, most often in investment fraud.
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September 07, 2026
The European arm of insurance broker Brown & Brown Inc. said Monday that it has bought Alan R MacKay & Co. Ltd., marking the first acquisition in Scotland by the business as it continues to expand in the U.K.
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September 04, 2026
A London court has sentenced a man to 4.5 years in prison after he fraudulently claimed more than £300,000 ($405,700) in a string of fake travel medical claims, a division of City of London Police said Friday.
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September 04, 2026
Insurers risk falling standards in underwriting and claims handling due to a growing reliance on outsourced businesses, a ratings agency warned.
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September 04, 2026
The U.K. Supreme Court's recent ruling that fund managers are taxable as employees rather than partners injects considerable uncertainty into the financial services industry, with companies potentially facing increased scrutiny from tax authorities and less predictable tax obligations.
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September 04, 2026
Swedish private equity firm EQT said Friday it would buy London-based insurance broker McGill and Partners from Warburg Pincus for $2 billion, in a deal guided by Clifford Chance LLP and Freshfields LLP.
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September 04, 2026
The past week in London has seen institutional investors file new claims against British American Tobacco and Entain, Jellycat sue multiple British retailers in the patent court, and Shoosmiths LLP targeted in a claim by a property developer.