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TOP NEWS
By Alex Davidson
The Financial Conduct Authority said it has changed its internal systems and controls and is introducing new rules for the payments sector, after the Complaints Commissioner found it failed to properly regulate a collapsing payments firm.
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By Josh White
The U.K. is restricting pension tax relief claims for higher earners in a change coming into effect next month, Britain's tax authority said.
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By Martin Croucher
The government must drop its plan to introduce a "reserve power" that will allow it to force pension funds into making U.K. investments, a trade body said Friday.
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LITIGATION
Roundup
By Max Austin
This past week in London has seen football manager Bruno Lage sue the owner of Olympique Lyonnais and Botafogo football clubs, luxury fashion brand Christian Dior Couture target a jewelry business trading under the same name, and a Russian motorsports promoter take action against Formula One after it canceled its Russian Grand Prix in 2022.
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POLICY & REGULATION
Analysis
By Martin Croucher
Insurers in Britain could be on the hook for far higher losses because of the rising use by criminals of artificial intelligence tools to invent or inflate claims, lawyers have warned.
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By Martin Croucher
The state pension could rise by £551 ($746) a year for Britons in 2026 under the so-called triple lock, piling additional costs on taxpayers, a consultancy warned on Friday.
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PEOPLE
By Ashish Sareen
Proskauer Rose LLP has boosted its ability to represent clients in leveraged finance transactions by hiring an expert from White & Case in London.
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