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Insurance UK

A man wearing a face mask passes a boarded-up arcade of closed shops on Regent Street in London in 2021.

Insurance Market Braces For Landmark COVID Furlough Case

Britain's top court is to hear a COVID-19 dispute that will affect the immediate survival of thousands of businesses and have long-term ramifications for how insurers treat state support at times of crisis in the future.

Exterior of the financial regulator's offices in London

FCA Kick-Starts New 'Name And Shame' Enforcement Tactic

The Financial Conduct Authority has begun 2026 with a clear sign that it will use its newly won power to "name and shame" companies under investigation for suspected misconduct as it seeks to bolster protection for consumers.

FCA Expected To Boost Fines, Name More Companies In 2026

The Financial Conduct Authority is likely to step up its enforcement action in 2026 with higher fines and more readiness to name companies under investigation, bolstered by a landmark High Court rejection of a challenge to such a naming decision.

Sign outside office that deals with fraud with the UK coat of arms, affixed to a stone building.

SFO Faces Critical Year With Several Major Trials In 2026

Though the Serious Fraud Office spent a year largely outside the courtroom, 2026 is shaping up to be a blockbuster period for the white-collar enforcer, with four cases going to trial involving 11 defendants charged with fraud and bribery.

February 12, 2026
FCA Urged To Extend Scope Of Pension Transfer Rules

Proposals by the Financial Conduct Authority to better support consumers who have not taken financial advice make informed decisions when transferring their pension must go further, retirement saving groups said Thursday.
February 12, 2026
Insurers Defend Cutting Claims In COVID Furlough Test Case

Britain's highest court should take the most obvious interpretation of the question of whether state furlough grants made during the COVID-19 pandemic reduced the wage bill of businesses, insurers argued at a hearing on Thursday.
February 12, 2026
Gov't Sets Out Tough Regime For Appointed Representatives

The U.K. government published on Thursday its detailed proposed changes to the appointed representatives regime, which will give the Financial Conduct Authority new powers to crack down on misconduct.
February 12, 2026
Lloyd's Denies Liability In $725K Cargo Payment Row

The corporation that oversees the Lloyd's of London insurance market has denied it owes about $725,000 to the owners and operators of container ship Ever Forward, which ran aground in 2022, arguing that the vessel was not seaworthy.
February 12, 2026
Pensions Biz Steers 1.4M Plan Members To New Dutch System

Festina Finance said Thursday it has helped migrate 1.4 million retirement savings plan members to the new pensions system in the Netherlands, in one of the world's largest overhauls of a national pension program.
February 11, 2026
Policyholders Fight For COVID Furlough Payouts At Top Court

Insurers are wrong to have deducted an estimated £1 billion ($1.4 billion) of taxpayer-funded furlough grants issued during the COVID-19 pandemic, representatives for policyholders argued before the U.K.'s top court on Wednesday in a landmark case for business interruption claims.
February 11, 2026
UK Property Insurance Payouts To Hit Record, Deloitte Says

Property insurance claims in the U.K. are expected to hit a record £6.1 billion ($8.3 billion) for 2025, Deloitte said Wednesday, making it "the most expensive year on record."
February 11, 2026
UK, India Agree To Boost Financial Regulation Cooperation

The Financial Conduct Authority said Wednesday it has signed a regulatory cooperation arrangement with India's International Financial Services Centres Authority to share knowledge and best practices and strengthen financial ties between the two countries.
February 11, 2026
Debevoise, Sackers Guide £240M KLM Airline Pension Deal

Pensions insurer Rothesay said Wednesday that it has completed a £240 million ($329 million) buy-in transaction with KLM Royal Dutch Airlines to secure the retirement benefits of almost 2,000 pension plan members.
February 11, 2026
Aviva Hits 100 Pension Deals Through Small Scheme Service

Insurance giant Aviva said Wednesday that it has completed 100 pension deals through its streamlined bulk purchase annuity service introduced to help smaller pension programs with assets of less than £100 million ($137 million) offload their liabilities.
February 10, 2026
Capita Fails To Strike Out £4M Claim Over Data Breach

Capita lost its bid on Tuesday to strike out a £4 million ($5.5 million) claim over the fallout from a cyberattack, with a London court rejecting the outsourcing giant's argument that the claimants' lawyers "tainted" the case by embellishing allegations of harm.
February 10, 2026
4 In 5 Defined Benefit Plans In Surplus, Consultancy Says

Approximately four in five U.K. defined benefit pension schemes are now in surplus in what has become an "extremely well-funded" landscape, a financial services consultancy said Tuesday.
February 10, 2026
UK Pension Deals Market Likely To Hit £70B In 2026

The U.K. pension deals market is likely to hit £70 billion ($95.6 billion) in transactions in 2026, an insurance brokerage firm said Tuesday, despite headwinds from possible regulatory intervention.
February 10, 2026
Arc Pensions Steers £12M UK University Pension Deal

An arts-based university in the U.K. has finalized a £12 million ($16 million) bulk purchase annuity buy-in with Just Group, consultancy First Actuarial said Tuesday.
February 10, 2026
FCA Hits 2 With Fines For Insider Trading In Bidstack Shares

The Financial Conduct Authority said Tuesday that it has hit a former interim financial director and a trader with a combined fine of £108,731 ($148,800) for insider dealing in shares in an advertising technology company.
February 10, 2026
CMS Guides Housebuilder On £155M Pension Deal

Housebuilder Vistry Group PLC has finalized a £155 million ($212 million) pension buy-in with Pension Insurance Corp. to secure the benefits of 1,671 members, the insurer said Tuesday.
February 10, 2026
UK Employers Risk Regulatory Fines For 'Pension Pitfalls'

Businesses should carry out a "clear, organization-wide review" of their company's pension processes to avoid falling foul of evolving regulatory obligations on retirement savings, Hymans Robertson said Tuesday.
February 09, 2026
Gov't Issues Gender Pension Gap Reporting Guide For LGPS

The Government Actuary's Department has published guidance designed to help administering authorities within the Local Government Pension Scheme meet their new gender pension gap reporting obligations.
February 09, 2026
CMS Guides Argent On £16M Pension Deal With Just Group

Just Group PLC said Monday that it has completed a buy-in transaction worth £16 million ($22 million) to secure the retirement benefits for members of the pension plan of a food business.
February 09, 2026
Eversheds Guides £700M Deloitte UK Pension Deal

The pension plan of Deloitte UK has completed a £700 million ($955 million) bulk purchase annuity transaction with Standard Life, the pensions and insurance company said Monday.
February 09, 2026
Lloyd's Responds To Claim Tech Shake-Up Has Been 'Shelved'

Lloyd's of London said Monday it was still committed to shifting the market to a cloud-based system, amid rumors that its delayed modernization project has been shelved.
February 09, 2026
Salary-Sacrifice Reforms Could Have Wider Impact, OBR Says

The government's plan to cap salary-sacrifice arrangements on pensions saving could affect far more than the 3.3 million workers originally thought to be within the scope of the reforms, according to data from the Office for Budget Responsibility.
February 09, 2026
Schroders, Apollo Team Up On Wealth, Retirement Products

British investment manager Schroders PLC and U.S. private equity firm Apollo Global Management Inc. said Monday that they will team up to provide investment and retirement products to wealthy clients on both sides of the Atlantic.
February 09, 2026
Audit Watchdog Floats Rule Change For 'Third Way' Pensions

Britain's audit watchdog floated revisions to the actuarial rules used for collective defined contribution pension programs on Monday in the wake of government legislation designed to allow more businesses to join the new plans.
February 06, 2026
UK Litigation Roundup: Here's What You Missed In London

This past week in London saw a unit of Johnson & Johnson sue the U.S. government in a patent dispute, Southampton Football Club file a claim against Aviva Insurance, and an events business face a claim by Live Nation (Music) over potential licensing issues for Chelmsford City Live, a music festival that featured Justin Timberlake last year. Here, Law360 looks at these and other new claims in the U.K.

Editor's Picks

Top Court Ruling In 'Whiplash' Test Case Could Hit Premiums

Personal injury claimants could get higher payouts from their motor insurance as a result of a test case ruling at Britain's highest court on Tuesday, although analysts warn that insurers could respond with higher premiums to cover the cost of bigger claims.
FCA Begins Crackdown On Poor-Value Insurance Products

The move by the Financial Conduct Authority to restrict sales of guaranteed asset protection insurance is a sign of a faster approach to market intervention, and could lead the regulator to scrutinize other underperforming products, consultants say.
Post-Election UK Pension Changes Could Be In The Fine Print

Regulatory lawyers are not expecting radical overhaul in pension policies if the government changes after this year's general election. But lawyers say that signals in the opposition Labour Party's policy language could hint at possible shifts in investment priorities for retirement savings.

Expert Analysis

How FCA's Client Reforms May Boost Investment Access

The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.
Consolidation Of Lloyd's Bylaws Will Be Useful For Members

Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.
4 Securities Trends For Pension Trustees To Watch In 2026

With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.
10 Financial Regulatory Changes To Prepare For In 2026

A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.
FCA Enforcement Trends In 2025 And Expectations For 2026

The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.
Judicial AI Guidance Update Shows Caution Still Prevails

The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.
How Russia Sanctions Trajectory Is Affecting UK Legal Sector

The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.
Navigating Legal Privilege Issues When Using AI

The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.
A Look At Factors Affecting Ombudsman Complaint Trends

Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.
What To Know About FCA's Short Selling Regime Proposals

Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.
EBA Proposals Signal Overhaul Of EU 3rd-Party Risk Rules

The European Banking Authority’s plans to extend third-party risk controls to non-ICT services, which may be finalized by the end of the year, will place a significant compliance and operational burden on in-scope entities, which should not be underestimated, say lawyers at Travers Smith.
FCA Proposals Reduce Consumer Duty Compliance Burden

The Financial Conduct Authority’s recent proposals to streamline the consumer duty regime represent a pragmatic response to industry concerns, with a move toward sector-specific supervision and potentially narrowing its scope for wholesale and cross-border business, say lawyers at Simmons & Simmons.
How New Companies House ID Rules Affect Businesses

Lawyers at Shepherd & Wedderburn discuss the Economic Crime and Corporate Transparency Act’s new mandatory identity verification requirements for all company directors and persons with significant control, set to go live next week, which aim to curb fraud by improving the reliability of information held by Companies House.
What EU Securitization Proposals Signal For Risk Transfers

If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effect on significant risk transfer markets, providing greater consistency and necessary flexibility, say lawyers at McDermott.
What To Know About EU's Reimposition Of Sanctions On Iran

Lawyers at Steptoe discuss the European Union’s recent reimposition of trade and financial sanctions against Iran, which will introduce legal and operational constraints that affect EU companies' commercial activities in the region.