Financial Services

The financial services industry is a huge one, which encompasses many sectors and business types. The industry is highly regulated, and the sector has been thrust in to the spotlight following the recent economic crisis.

We have extensive experience advising household names operating in many sectors in the financial services industry, including high street banks, insurance companies, insurance brokers, pre-paid card providers and independent financial advisors.

We have advised clients at every stage of their corporate life, from drafting and advising on Financial Conduct Authority applications, associated policies and procedures for businesses just starting out in the financial services sector, to assisting long established financial services businesses with their compliance programs and reporting obligations.

Examples of recent work includes:

  • Advising on and managing the legal aspects of a project to create and roll out a white labelled insurance product across 12 countries in EMEIA and attainment of appropriate regulatory status in each country, to include drafting Financial Conduct Authority application forms and advising on associated policies and procedures.
  • Advising prospective 'approved persons' of businesses authorised by the Financial Conduct Authority of the implications of becoming so approved.
  • Drafting insurance policy for new product being launched by household name insurance company.
  • Advising an insurance broker in relation to Consumer Credit Act implications of offering payment of premium in monthly installments.
  • Drafting, negotiating and advising on savings agreement under which £4 billion worth of savings were invested (white labelled savings product).
  • Advising on what was at the time the UK's largest ever transfer of home insurance business and simultaneous negotiations with 10 insurers.
  • Drafting and negotiating terms of business agreements with various acquisitions and immediate AIM placings.
  • Advising a start-up company in the financial services sector recovering sums for clients under Consumer Credit Act, to include setting up systems and processes.


For details of recent projects, please see our Review of Business 2014

For specialist legal advice, please contact:

Mark Chapman on 01276 686222 email mark.chapman@herrington-carmichael.com

 "We recently asked Herrington Carmichael to redraft our SIPP Trust Deed and Rules. Mark was thoroughly professional, pragmatic and efficient throughout the process, and we were very happy with the outcome. I am entirely confident in his abilities, to the point that I will be recommending his services to our clients where they have pension-related legal requirements. I cannot think of a higher endorsement."
Jonathan Howard, Courtiers

The Legal 500Our corporate and commercial team is delighted to have been recognised in this year's edition of the UK Legal 500 as a leading advisor in the Thames Valley corporate and commercial legal markets

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Camberley:    +44 (0)1276 686 222
Wokingham:  +44 (0)1189 774 045
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