Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest markets reform in two decades is expected by May …
UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help them with the cost-of-living crisis. Around 7,000 of Aviva’s lowest-paid employees were told last week they will get a payout …
Financiers are helping to fuel a rise in U.S.-style class-action lawsuits in the UK courts, lured by the promise of big payouts. The British litigation finance industry — which pays legal fees upfront and shares in any eventual payout — …
UK finance firms are struggling with its worst job vacancy rates on record, underlining the skills shortage caused by digitization in banking, investing and insurance. The industry had more than five vacancies unfilled for every 100 jobs between April and …
Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and to pay dividends, under plans by both candidates to succeed Boris Johnson as UK prime minister. Foreign …
British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the effects of soaring prices for everything from used cars to spare parts. Chief Executive Penny James said on Tuesday the …
London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game — that is the warning from Mark Austin, the latest person charged with sprucing up the UK’s listing rules and …
Britain’s reform of post-Brexit financial services is more about catching up with rivals than unleashing a “Big Bang 2.0” as it sidesteps calls to cut taxes on banks or ease curbs on hiring foreign staff to keep London a force …
British financial regulators will have to promote the global competitiveness of the country’s financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday. Zahawi …
Thousands of people living in high-rise apartments in Britain are set to get better deals on their property insurance following years of spiraling costs in the wake of the Grenfell Tower tragedy. The Financial Conduct Authority is expected to push …
