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 29, 2026
Weil Gotshal & Manges LLP was recently hacked and had a "limited number" of client documents uploaded to an external cloud storage site, Law360 Pulse confirmed Friday.
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May 29, 2026
The rapid adoption of artificial intelligence across the U.K.'s financial services is creating a new set of systemic risks that regulators and companies struggle to contain, a new report has warned.
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May 29, 2026
Insurance Europe has called for more harmonized regulation between European Union member states to persuade insurers to invest more money in risky venture capital, which would help make capital markets more competitive.
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May 29, 2026
Insurers paid out $105 million in 2025 on claims linked to corporate mergers and acquisitions, a broker has revealed, marking a steep rise from previous years.
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May 29, 2026
The conflict in the Middle East has put multiple insurance lines under pressure, a broker has warned, with an estimated $3 billion of losses so far.
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May 29, 2026
The Church of Scotland has completed a £220 million ($296 million) pension buy-in transaction with Just Group PLC, securing the retirement benefits of around 3,500 members, the financial services company said Friday.
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May 29, 2026
A driver and her insurer have hit back against a £493,000 ($661,000) claim brought by a machinery business, disputing that it caused the company to suffer a loss of profits when she crashed her car into its premises.
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May 28, 2026
The U.K.'s insurance standards body has launched a probe into the use of "black box" recorders in cars after a coroner called on the industry to bolster safety standards for younger drivers.
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May 28, 2026
U.K. employer contribution rates for the public sector retirement savings plan have dropped by around 22%, amid an improvement in financing levels, an industry body has said.
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May 28, 2026
Almost two-fifths of those aged between 18 and 29 in Britain do not believe that protection insurance is necessary for people aged 35 and under, research from a health insurance company shows.
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May 28, 2026
Half of the U.K.'s largest pension funds with assets of more than £1 billion are considering running on rather than striking an insurance deal, a broker said on Thursday.
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May 28, 2026
The growing threat posed by cybercriminals must be met with urgency by Britain's pension plans to ensure the sector is resilient and alive to wide-ranging legal and financial risks, the Pensions Management Institute said Thursday.
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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.