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.
A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.
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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.
A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.
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May 27, 2026
The total value of pension surpluses released under new reforms could be much lower than the £160 billion ($215 billion) figure originally touted by the government, a think tank said Wednesday.
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May 27, 2026
The Financial Conduct Authority warned Wednesday that some companies are failing in their responsibilities by approving adverts that are released by non-FCA regulated businesses.
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May 27, 2026
The Insurance Fraud Bureau said on Wednesday that the east London borough of Barking and Dagenham has the highest level of fraudulent motor insurance claims in England, amid a continued year-on-year rise in scams in the U.K.
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May 27, 2026
Insurance giant Royal London said Wednesday that it has picked up £42 million ($56.5 million) in pension liabilities from jeweler F.Hinds, in a deal advised by Addleshaw Goddard LLP and Mayer Brown LLP.
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May 27, 2026
Insurance trade groups from six European Union countries have urged finance ministers across the bloc to streamline a string of financial services regulations, which the groups say would constitute a "significantly more ambitious competitiveness agenda for Europe."
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May 27, 2026
HSB UK & Ireland has completed a £36 million ($48.4 million) full-scheme buy-in transaction, securing the retirement benefits of 319 members of the insurance provider's program, Canada Life said Wednesday.
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May 27, 2026
Scandinavian Airlines has completed a pension buy-in transaction worth £61.8 million ($831 million) for a staff retirement savings plan, securing the benefits of 708 members, Just Group PLC said Wednesday.
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May 26, 2026
A London judge threw out on Tuesday a property company's case worth tens of millions of pounds, concluding that the claimants' lawyers at Forsters LLP had failed to properly serve the claim over email to the solicitors of a construction group.
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May 26, 2026
Britain's accounting watchdog has published finalized guidance for how pension plans should comply with the findings of a landmark court judgment.
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May 26, 2026
Financial losses from the Iran war have so far been manageable for the global insurance industry, a ratings agency said Tuesday — but it warned that prolonged conflict could change the situation.
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May 26, 2026
Plans by the Financial Conduct Authority to allow businesses in the sector to give more simplified advice to consumers on pensions and investments are a positive step but "don't go far enough," a trade body has said.
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May 26, 2026
The regulatory arm of the Bank of England is stress-testing the insurance sector to assess how well it would respond to the fallout from a massive cyberattack in conjunction with a string of natural catastrophes, a trade body said on Tuesday.
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May 26, 2026
More than half of planned U.S. data center projects are being built in states vulnerable to severe storms, exposing almost $670 billion of future digital infrastructure to growing risks linked to the climate, Lloyd's of London specialty insurer MS Amlin said on Tuesday.
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May 22, 2026
The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.
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May 22, 2026
The government said Friday that it collected £499 million ($671 million) in insurance tax receipts in April — £149 million less than it registered in the corresponding month of 2025, marking what experts called a "softer start" to the financial year.
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May 22, 2026
Direct Line has called on dog owners to remain vigilant, saying a new study by its pet insurance department shows that an estimated equivalent of four dogs a day on average were stolen across Britain in 2025.
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May 22, 2026
Bulk purchase insurers held nearly two-thirds of their total assets of more than £200 billion ($268 billion) within the U.K. in 2024, a trade body has said.
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May 22, 2026
New regulations that will reshape Britain's local government pensions investments will come into force in June, as a minister said the reforms will improve retirement returns for millions of council workers and unlock more cash for economic investment.
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May 22, 2026
The average surplus of defined benefit pension plans sponsored by Britain's top 100 companies was more than £550 million ($738.4 million) at the end of 2025, a consultancy has said, with an aggregate surplus estimated at almost £40 billion.
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May 21, 2026
British policymakers must ensure that the gap between damage caused by the climate crisis and what is actually insured does not grow between now and 2050, a statutory government body has said, warning that the climate crisis is "eroding" the fundamentals of the sector.
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May 21, 2026
Most U.K. defined benefit pension programs have now decided their long-term plans for their eventual managed wind-downs, including buyouts by insurance groups, an Aon PLC report showed on Thursday.
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May 21, 2026
Allianz UK said Thursday that it has bolstered its long-standing insurance partnership with Asda by adding home and motor cover, boosting the supermarket giant's protection offering for its customers.
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May 21, 2026
The Information Commissioner's Office said Thursday it had secured a confiscation order of more than £355,000 ($476,000) against a former motor insurance worker convicted of unlawfully accessing and selling personal data for financial gain.
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May 21, 2026
The Bank of England said Thursday that it will loosen rules to make it easier for foreign insurers to operate in the U.K. as part of an effort to boost the national economy.
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May 21, 2026
The U.K. has topped mainland Europe as the leading destination for foreign investment in financial and professional services despite Brexit and global volatility, the governing body of the City of London said on Thursday.