FCA Sees Banks, Insurers Liaising Poorly With Consumers

By Alex Davidson

The Financial Conduct Authority said Friday in a review that some banks, insurers and others used overlong documents to inform customers, pointing out Consumer Duty expectations.

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Industry Backs Gov't Plan To Limit Pension Investment Power

By Joel Poultney

The British government's move to limit a controversial measure designed to mandate pension funds to make certain investments is a "positive step," pensions trade groups have said.

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FCA Bans Former Forex Exec Over AML Breaches, Forgery

By Alex Davidson

The Financial Conduct Authority said Friday it has banned a former foreign exchange trading company owner from working in financial services for his lack of honesty, introducing an anti-money laundering-related system against compliance advice and forging documents.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

In London, Estée Lauder accused Jo Malone's founder of intellectual property infringement, the wife of an Iranian businessman linked to a £75 million fraud sued several Iranian oil companies, HSBC sued U.S. property tycoon Michael Fuchs, and Charles Russell Speechlys brought a claim against a United Arab Emirates company it once represented in an international arbitration.

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M&A Surges 14% In European Insurance Sector In 2025

By Tom Fish

Mergers and acquisitions in the European insurance sector reached a record high in 2025, driven by private equity-backed consolidators and rising interest in specialty insurers, according to FTI Consulting Inc.

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Norwegian PE Firm To Buy Payroll Services Biz For $226M

By Dawood Fakhir

Zalaris ASA said Friday that it has agreed to be acquired by a fund of Norvestor Equity AS in a deal that values the Norwegian human resources and payroll services company at approximately 2.2 billion Norwegian kroner ($226 million).

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Brief

Guernsey Co. Tetragon To Return $50M To Shareholders

By Irene Madongo

Guernsey-based investment company Tetragon began a program Friday to purchase shares up to $50 million from investors.

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FCA's £44M Nationwide Fine Highlights AML Control Gaps

The Financial Conduct Authority’s recent £44 million fine of Nationwide Building Society for anti-money laundering control failures demonstrates that where a firm does not implement appropriate policies and remediation projects, there is a risk that noncompliance will remain unaddressed, say lawyers at Taylor Wessing.

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Decoding Arbitral Disputes: UK Top Court On State Immunity

The U.K. Supreme Court's recent ruling denying Spain's and Zimbabwe's bids to escape arbitration awards using state immunity claims provides significant clarification of the relationship between sovereign immunity and the International Centre for Settlement of Investment Disputes system, and reinforces the finality and enforceability of ICSID awards, says Josep Galvez at 4-5 Gray's Inn.

Decision attached | Read full article » | Save to favorites »