FCA Eases Auto Finance Redress Timetable Amid Legal Action

By Alex Davidson

The Financial Conduct Authority said Friday that it will withdraw some timetabled requirements for lenders under its £7.5 billion ($9.9 billion) motor finance compensation program because they might need to change their plans after several legal challenges.

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PayPoint Beats Most Of £172M Competition Claim

By Ronan Barnard

An energy payments company has largely beaten a competitor's £172 million ($234 million) claim at an antitrust tribunal after a panel found that exclusivity terms in its contracts hampered the smaller rival's entry into the market only "to a limited extent."

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EU Fund Managers Warn Against Shareholder Rights Overhaul

By Alex Davidson

A trade body for European fund managers warned lawmakers Friday against large-scale changes to the Shareholders' Rights Directive that would obstruct investors' existing rights.

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Roundup

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

By Laura Stewart Liberty

The past week in London has seen Morrisons sued by a former logistics partner, EDF and Cripps LLP face a claim brought by a family estate near Hinkley Point C and a former BBC broadcaster file a defamation claim against a Welsh news site over articles linking her to Russian state media and conspiracy theories. Here, Law360 looks at these and other new claims in the U.K.

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PMI, Schroders Launch Pension Governance Investing Survey

By Joel Poultney

The Pensions Management Institute and Schroders have said they will investigate how governance of investment in defined benefit retirement plans is changing in real time, amid record funding positions for pensions in Britain.

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Scale 'Not A Panacea' For Good Pension Outcomes, LCP Says

By Joel Poultney

Research published by Britain's retirement savings watchdog shows that "scale is not a panacea" for good saver outcomes, Lane Clark & Peacock said Friday, amid a wider push for consolidation in the market.

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Commerzbank Lifts Outlook As It Fends Off UniCredit Bid

By Najiyya Budaly

Commerzbank AG published plans on Friday to boost future profitability as the German lender builds defenses against a takeover bid from Italy's UniCredit SpA, which it described as vague and fraught with "considerable execution risks."

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