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Insurance UK

  • May 20, 2025

    Pensions Watchdog Launches Initiative To Boost Innovation

    The Pensions Regulator has established a new service to support the development of industry ideas on products and services after the government ordered it to come up with ways to boost economic growth.

  • May 20, 2025

    5 Firms Hold Half Of 拢40B UK Pension Surplus

    Just five companies among the top 100 businesses in Britain account for half of the combined 拢40 billion ($53.5 billion) surplus in the country's pension plans, a consultancy said Tuesday.

  • May 19, 2025

    L&G Buys 75% Of US Property Investor Proprium Capital

    Legal & General said Monday that it has acquired a 75% stake in Proprium Capital Partners, a聽real estate private equity firm, to accelerate its growth and expand its geographic footprint in the European and Asian property sector.

  • May 19, 2025

    Aviva To Use AI Tool To Map Cyberthreat Behavior

    Insurance giant Aviva PLC on Monday said it has begun using artificial intelligence tools to map the cyberthreats the companies in its portfolio are most exposed to.

  • May 19, 2025

    Gov't Warned Over Mandating UK Pension Funds' Investment

    The government must avoid introducing a legal requirement on U.K. pension plans to invest a proportion of their funds in domestic assets, a consultancy has warned.

  • May 19, 2025

    Big Tech Is Major Obstacle To Stopping UK Financial Fraud

    Anti-fraud campaigners are calling on the government to fine Big Tech companies such as Meta on repeated failures to prevent fraudulent financial advertising on their platforms with a tougher and wider regime than envisaged, with the consensus that social media is the biggest obstacle to combating investment scams.

  • May 19, 2025

    Third Of Britons Have Under 拢10K In Pension Pots, FCA Says

    One-third of U.K. adults with a defined contribution pension plan have less than 拢10,000 ($13,400) accumulated in retirement savings, the Financial Conduct Authority has said.

  • May 16, 2025

    25% Of UK Pension Plans Rethink US Exposure Over Tariffs

    A quarter of U.K. defined benefit pension schemes are considering pulling back from U.S. assets and dollar exposure amid ongoing uncertainty created by the recent tariffs imposed by President Donald Trump, Willis Towers Watson PLC says.

  • May 16, 2025

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

    This past week in London has seen Linklaters and EY face negligence claims from a fintech investment firm, property developer Sir John Ritblat bring legal action against a Guernsey-registered company, and fresh equal pay litigation filed against Morrisons and Safeways. Here, 极速赛车 looks at these and other new claims in the U.K.

  • May 16, 2025

    EU Watchdog Quizzes Insurers On Generative AI Governance

    The insurance watchdog for Europe has launched an investigation into how insurers use generative artificial intelligence and what controls are in place.

  • May 16, 2025

    Only 4 Pension Groups Linked To Gov't 'Dashboards' So Far

    Only four of the 20 pensions organizations voluntarily involved in linking to the government's long-awaited "dashboards" project have so far completed their connection, the organization behind the program has said.

  • May 16, 2025

    UK Gov't Admits Jump In Errors Over State Pension Payouts

    The government has admitted that its rising levels of errors have led to underpayment of state pensions, even though it has spent years and hundreds of millions of pounds trying to correct earlier mistakes.

  • May 16, 2025

    Investor Pulls De La Rue Bid Amid Competing Offer

    Two investors, Pension SuperFund and Disruptive Capital, have pulled their bid of approximately 拢260 million for De La Rue after the banknotes maker backed a rival 拢263 million offer from U.S. investment firm Atlas Holdings LLC.

  • May 15, 2025

    Gov't Urged To Overhaul Scam Rules Amid Pension Delays

    The government must reform its scam protection regulations in the face of spiraling delays in transferring pension savings, a retirement savings provider warned Friday.

  • May 15, 2025

    UK Floats Local Gov't Pension Fixes To Tackle Discrimination

    The U.K. government on Thursday proposed making all maternity, shared parental and adoption leave automatically pensionable for members in the Local Government Pension Scheme, among a raft of changes it said would boost benefits and end "years of discrimination."

  • May 22, 2025

    Freeths Hires Pensions Specialist From Simmons & Simmons

    Freeths has hired James Dean, a pensions specialist from Simmons & Simmons LLP, to lead the growth and development of the firm's national pensions practice.

  • May 15, 2025

    Legal Costs Insurer On The Hook For 拢83K Payout To Ex-Exec

    A legal expenses insurer could owe more than 拢80,000 ($106,000) to a former executive after a tribunal found that his insolvent employer's prolonged failure to pay wages and commission amounted to a fundamental breach of contract.

  • May 15, 2025

    Ex-Managing Partner Fights To Redo Costs After Bias Case

    The former managing partner of a law firm argued Thursday that a tribunal failed to consider his ability to pay up to 拢210,000 ($278,8300) after he tried to claim both income protection insurance and a share of its while off sick with cancer.

  • May 15, 2025

    Strong Support For Simplifying Digital Reporting, FRC Says

    The Financial Reporting Council on Thursday said it has received backing for continued collaboration between regulators to reduce complexity around digital reporting, adding support for a range of proposals that could shape future electronic disclosures in Britain.

  • May 15, 2025

    Insurers Fear Regulatory Scrutiny Is Stalling AI Adoption

    Lloyd's of London insurers fear failure to comply with regulations on artificial intelligence is blocking wider take-up of the technology, according to research published on Thursday.

  • May 15, 2025

    Brabners Guides Telecoms Biz In 拢63M Pension Deal

    Telecommunications company CommScope has offloaded 拢63 million ($8 million) of its U.K. pension liabilities to insurer Aviva PLC, advisers have said, in a deal guided by Brabners.

  • May 14, 2025

    Kirkland-Led Equity Firm To Buy UK Insurance Broker JMG

    GTCR Inc. has said that it has penned a deal to acquire JMG Group in an acquisition the U.S. private equity firm hopes will help to drive the broker's expansion across the British insurance market.

  • May 14, 2025

    UK Lifeboat Fund Looking Into New Claims Against WealthTek

    The U.K.'s lifeboat fund compensating investors in failed investment firms has started investigating new types of investor claims against collapsed wealth manager WealthTek LLP.

  • May 14, 2025

    Pension Bosses Warn Gov't Over Mansion House Mandate

    The government is likely to fail in its bid to oblige pension funds to invest in the U.K. without ensuring that there is a sufficient pipeline of viable assets, a panel of experts warned MPs on Wednesday.

  • May 14, 2025

    Aviva's 拢3.7B Deal To Buy Direct Line Gets UK Investigation

    Britain's antitrust watchdog said Wednesday that it is investigating Aviva's proposed 拢3.7 billion ($4.9 billion) cash and stock acquisition of rival insurer Direct Line, saying it has concerns about competition.

Expert Analysis

  • What The Auto-Enrollment Law Means For UK Workforce

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    In a welcome step to enhance retirement savings, the U.K. government is set to extend the automatic enrollment regime by lowering the eligibility age and reducing the lower qualifying earnings limit, but addressing workers' immediate financial needs remains a challenge, says Beth Brown at Arc Pensions.

  • Protecting The Arbitral Process In Russia-Related Disputes

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    Four recent High Court and Court of Appeal rulings concerning anti-suit injunction claims illustrate that companies exposed to litigation risk in Russia may need to carefully consider how to best protect their interests and the arbitral process with regard to a Russian counterparty, say lawyers at Linklaters.

  • RSA Insurance Ruling Clarifies Definition Of 'Insured Loss'

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    A London appeals court's recent ruling in Royal & Sun Alliance Insurance v. Tughans, that the insurer must provide coverage for a liability that included the law firm's fees, shows that a claim for the recovery of fees paid to a firm can constitute an insured loss, say James Roberts and Sophia Hanif at Clyde & Co.

  • Key Takeaways From ICO Report On Workforce Monitoring

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    The Information Commissioner's Office recently published guidance on workplace monitoring, highlighting that employers must strike a balance between their business needs and workers' privacy rights to avoid falling afoul of U.K. data protection law requirements, say lawyers at MoFo.

  • Firms Should Prepare For New DEI Reporting Requirements

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    While the Financial Conduct Authority and Prudential Regulation Authority's recent proposals on diversity and inclusion in the financial sector are progressive, implementing reporting requirements will pose data collection and privacy protection challenges for employers, say lawyers at Fieldfisher.

  • Shifting From Technical To Clear Insurance Contract Wordings

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    Recent developments on insurance policies, including the Financial Conduct Authority's new consumer duty, represent a major shift for insurers and highlight the importance of drafting policies that actively improve understanding, rather than shift the onus onto the end user, say Tamsin Hyland and Jonathan Charwat at RPC.

  • Recent Trends In European ESG-Related Shareholder Activism

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    New ESG reporting standards in the European Union, as well as recent climate change, board diversity and human rights cases, illustrate how shareholder activism may become more prominent in years to come as regulation and investor engagement continues to strengthen, say lawyers at Debevoise.

  • How Insurance Policies Can Cover Generative AI Risks

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    As concerns rise about the new risks that businesses face as a result of generative artificial intelligence tools, such as AI-facilitated hacking and intellectual property infringement, policyholders should look to existing insurance policies to cover losses or damages, says Josianne El Antoury at Covington.

  • Breaking Down The UK's Draft Updates To Prospectus Regime

    While there still may be changes, the U.K.'s near-final draft statutory instrument to update and in some parts replace the current on-shored EU prospectus regime is likely to represent a significant overhaul of the existing regime and may make U.K. capital markets a more attractive venue for listings for issuers, say attorneys at Debevoise.

  • 4 Compliance Considerations Under FCA Consumer Duty

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    Following the U.K. Financial Conduct Authority's recent introduction of the new consumer duty regime, firms will need to be mindful of data protection implications when managing their compliance with the duty and data protection legislation, say lawyers at Bird & Bird.

  • Swiss Privacy Law Reforms Present Divergences From GDPR

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    The differences between Switzerland鈥檚 recently reformed Federal Act on Data Protection and the EU's General Data Protection Regulation, particularly around data breach reporting and the liability of company officers, will need to be carefully managed by multinationals that may have competing obligations under different laws, say Kim Roberts and Vanessa Alarcon Duvanel at King & Spalding.

  • Opinion

    Russia Ruling Should Lead UK To Review Sanctions Policy

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    The High Court's recent dismissal of the first-ever court challenge to Russian sanctions in Shvidler v. Secretary of State sets a demanding standard for overturning designation decisions, highlighting the need for an independent review of the Russia sanctions regime, says Helen Taylor at Spotlight on Corruption.

  • Pension Plan Amendment Power Lessons From BBC Ruling

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    The High Court's recent ruling in BBC v. BBC Pension Trust upheld an unusually restrictive fetter on the pension scheme's amendment power, which highlights how fetters can vary in degrees of protection and the importance of carefully considering any restriction, says Maxwell Ballad at Freeths.

  • UK Securitization Reform Opts For Modest Approach, For Now

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    Recently published consultation papers from the U.K. Prudential Regulation and Financial Conduct Authorities on new securitization rules mainly restate retained EU law, but there are some targeted adjustments being proposed and further divergence is to be expected, say Alix Prentice and Assia Damianova at Cadwalader.

  • FCA Consumer Duty May Pose Enforcement Challenges

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    The new U.K. Financial Conduct Authority consumer duty sets higher standards of customer protection and transparency for financial services firms, but given the myriad products available across the sector, policing the regulations is going to be a challenging task, says Alessio Ianiello at Keller Postman.

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