07/04/2025
Solvency-triggered termination rights clauses in bulk purchase annuity transactions
The clauses could bring inherent risks to insurers’ balance sheets which would need to be managed concurrently in a period of stress.
Legal, Regulation & Compliance
07/04/2025
FSCS’s 2024/25 Annual Report highlights another strong year for recovering compensation costs and processing customer claims
A key milestone included the recovery of more than £56m from the estates of failed financial firms and related third parties – equivalent to 17% of total compensation costs.
07/03/2025
Pensions reform must prioritise member outcomes, says report
While there is broad acceptance that scale could bring benefits, many warned that consolidation must be judged by its ability to improve outcomes, not just create larger entities.
07/03/2025
ESMA selects Ediphy (fairCT) to become the first Consolidated Tape Provider for bonds
Market participants will benefit from a consolidated view of market activity for bonds in the EU, with a variety of use cases to the benefit of all participants in the EU’s fixed income markets.”
07/03/2025
The meaning of reserve currency − remarks by Andrew Bailey
Given at the Andrew Crockett Memorial Lecture
07/02/2025
Irish financial firms struggle with consumer code implementation
The code demands that firms meet enhanced standards around digital accessibility, product transparency and support for vulnerable consumers.
07/02/2025
Tribunal upholds the FCA’s market manipulation bans
The Upper Tribunal agreed with the FCA that the traders’ manipulative behaviour was dishonest and lacked integrity.
07/02/2025
Synchronisation and beyond: enabling the next wave of financial innovation − speech by Victoria Cleland
Given at the 15th annual edition of City Week
07/01/2025
IPTF warns of growing misrepresentation risk in protection
This powerful instalment confronts the reality that an estimated 52% of all declined income protection claims in 2024 were linked to some form of misrepresentation.
07/01/2025
FCA's targeted support proposal could help millions left behind by the advice gap
It proposes a new regulated activity, called targeted support, and rightly acknowledges that the binary choice between generic guidance and full advice is failing too many people.
06/30/2025
UK reforms AML rules for business services
The government says these firms are vital not only to the UK economy but to its reputation as a trusted global business hub.
06/30/2025
Living between Dubai and Milan, but litigating in London
While private wealth may find a new centre of gravity further east, the gravitational pull of London’s courts will stay as strong as ever.
06/30/2025
Calls to reform Lifetime ISAs over ‘nonsensical’ rules causing savers to lose their own money
A 25 per cent boost on a first-house deposit sounds a terrific deal - but the product itself can be complex and limiting
06/30/2025
Statistical Notice 2025/04 - Bank of England Levy: Notification Document Levy Year 2025/26
Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
06/30/2025
FCA's targeted support proposal could help millions left behind by the advice gap
The scale of the problem is stark. Just 9% of adults received regulated financial advice last year, despite millions holding investible assets.
06/30/2025
The European Accessibility Act is now live: What it means for digital businesses
The legislation sets harmonised requirements for private businesses offering key digital products and services, reinforcing the rights of all consumers to access technology on equal terms.
06/27/2025
Upper Tribunal upholds Jes Staley ban
The FCA alleged that Mr Staley acted recklessly when he signed off the letter and the Tribunal agreed.
06/27/2025
FCA chief Rathi signals pivot from risk aversion to growth
The chancellor sees the regulatory system as having regulated for risk, not growth,” he said.
06/26/2025
FCA continues mortgage rule review to boost home ownership and support growth
The FCA is seeking a public conversation on the future of the mortgage market as part of its work to help consumers navigate their financial lives and to support economic growth.
06/26/2025
The UK economy in an unpredictable world – speech by Andrew Bailey
Given at British Chamber of Commerce 2025 Global Annual Conference