Gov't May Face £70M In Claims From Fire Insurance Scheme

By Martin Croucher

The government could face up to £70 million ($90.7 million) in insurance claims under a temporary fire safety professional indemnity scheme it introduced three years ago, a top official said.

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UK Pensions Watchdog Pledges To Cut Red Tape

By Tom Fish

The U.K.'s retirement savings watchdog on Friday committed to cutting the "burden" of unnecessary and outdated financial regulations that could be hampering pension savers' interests.

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FCA Tests 'Targeted Support' Model With 12 Finance Firms

By Alex Davidson

The Financial Conduct Authority said Friday it has given 12 companies until April to give targeted support to consumers, an experiment ahead of a new regulatory model that will fill the gap between general guidance and advice for pensions and investments.

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Roundup

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

By Max Austin

This past week in London has seen sparkling winemaker Nyetimber hit a rival distillery with an intellectual property claim, Newcastle United's former owner Mike Ashley target the club's ex-vice president for damages tied to a fraudulent investment, and a real estate agency file a legal claim against law firm Winston & Strawn LLP. Here, Law360 looks at these and other new claims in the U.K.

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Pension Partners Guides £2M Benefits Deal For Housing Co.

By Tom Fish

A U.K. housing scheme operator's pension plan has agreed to a £2 million ($2.6 million) full scheme buy-in with financial services group Just, securing the benefits of 15 retirees and eight deferred members, consultant K3 said Friday.

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Simmons & Simmons Hires 4 Insurance Pros From Kennedys

By Ashish Sareen

Simmons & Simmons LLP has hired a team of four lawyers from Kennedys to boost the international insurance claims service at its London office.

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