Serious Fraud Office v. Safe Hands Plans Limited - Fraud Investigation

The Serious Fraud Office (SFO) has charged two former executives of Safe Hands Plans Limited and its parent company, SHP Capital Holdings Limited, with conspiracy to defraud. The investigation into suspected fraud began in 2022 following the collapse of the pre-paid funeral plan scheme, impacting approximately 46,000 plan holders.

SFO Investigation into London Capital & Finance plc

The Serious Fraud Office (SFO) announced an ongoing investigation into individuals associated with London Capital & Finance plc (LCF), which relates to investments offered to the public between 2013 and 2018. The SFO opened the investigation in 2019 and has made arrests, with the case remaining active.

SFO Investigates Northern Powerhouse and MBi Group for Fraud and Money Laundering

The Serious Fraud Office (SFO) announced an investigation into suspected fraud and money laundering by the Northern Powerhouse Development Group and MBi Group. The investigation, which began in August 2021, focuses on investments offered in care homes and hotels between 2013 and 2019.

Consultation on UK Solvency II Own Funds Rules Updates

The Bank of England's Prudential Regulation Authority (PRA) has issued a consultation paper (CP4/26) proposing updates and fixes to UK Solvency II own funds rules and expectations. The consultation seeks feedback on these proposed changes, with responses due by April 24, 2026.

PRA Statement on 2028 Life Insurance Stress Test

The Prudential Regulation Authority (PRA) has issued a statement indicating its intent to launch the next Life Insurance Stress Test (LIST) exercise in January 2028. The PRA will engage with stakeholders throughout 2026 to refine the design and methodology based on lessons learned from the 2025 exercise.

Credit Union Service Organisations Policy Statement Feedback

The Prudential Regulation Authority (PRA) has published a policy statement providing feedback on responses to its consultation regarding Credit Union Service Organisations (CUSOs). This statement includes final policy amendments to the PRA Rulebook and updates to supervisory guidance, relevant to PRA-authorised credit unions.

PRA Regulatory Digest - UK Financial Services Regulatory News

The PRA published its February 2026 Regulatory Digest, highlighting key financial services regulatory news and publications. This includes consultations on securitisation reforms, rule changes for overseas prudential requirements, and updates to Solvency II rules, alongside a discussion paper on future banking data.

Policy statement on recognised exchanges and transfer of main indices

Policy statement on recognised exchanges and transfer of main indices

West Mercia Police Fined After Officer Injured Responding to Collision

The Health and Safety Executive (HSE) has fined West Mercia Police £85,800 after a student officer sustained life-changing injuries when hit by a car while responding to a traffic collision. The investigation found the force failed to adequately manage risks, provide suitable training, and supply adequate equipment.

Somers Forge Limited Fined £750,000 After Employee Death

Somers Forge Limited has been fined £750,000 after an employee died in a lathe accident. The Health and Safety Executive (HSE) found the company failed to implement safe operating procedures and prevent access to dangerous machinery. The incident occurred on December 8, 2023, and the fine was issued on February 18, 2026.