Victoria Luttig

Growth in UK mortgage lending to double this year

UK mortgage lending growth is forecast to more than double this year as falling interest rates and rising consumer confidence boost housing market activity

UK insurance premium income forecast for steady but slowing growth

UK insurers are expected to report steady but slowing growth in premium income over the next three years, as the economic recovery deepens

Gender pay gap narrows across UK financial services boardrooms

The gender pay gap across UK FS boardrooms fell from 30% to 25% between 2019 and 2023, according to the EY European Financial Services Boardroom Monitor

2024 UK FS M&A activity reached highest volume in more than a decade

UK banks, insurers and asset managers publicly disclosed 380 M&A deals in 2024 – the highest annual volume since 2012 – compared to 272 deals in 2023.

UK motor insurers to report profitable 2024, but enter the red again in 2025

EY’s latest UK Motor Insurance Results shows the market is expected to return to profitability in 2024, following two years of losses

EY appoints Martina Keane as UK & Ireland Financial Services Leader

In her new role Martina Keane will lead more than 300 Partners and 6,000 staff, with responsibility for some of the firm’s largest clients globally

Lack of upskilling and regulatory preparedness is holding back GenAI adoption within UK FS firms

EY Financial Services AI Survey looks at how UK financial services firms have integrated GenAI technologies into their operations

EY comments on the Chancellor’s Mansion House speech

Anna Anthony, EY UK Financial Services Managing Partner, comments on Chancellor’s speech at Mansion House

Bank lending to UK businesses and households to return to growth this year, and accelerate over 2025 and 2026

Total bank lending to UK businesses and households is forecast to return to growth this year, according to the EY ITEM Club Outlook for Financial Services

UK home insurers report second consecutive loss-making year in 2023

EY’s latest Home Insurance Results shows the UK home insurance market reported a second consecutive year of loss-making, with a NCR of 118%

UK mortgage lending to grow just 1.5% in 2024, but more than double in 2025

The EY ITEM Club Outlook for Financial Services shows UK mortgage lending is forecast to grow just 1.5% (net) in 2024

EY announces appointment of new UK Head of Life and Pensions

EY has appointed Alistair Brannan as its UK Head of Life and Pensions. Alistair also joins EY’s UK insurance leadership team

EY appoints new UK Financial Services Partner

EY welcomes new financial crime consultant with UK Partner appointment

EY ITEM Club UK Bank Lending Forecast

The EY ITEM Club UK Bank Lending Forecast shows UK bank-to-business lending is set to remain low this year, with growth of just 0.8% (net) forecast in 2024

UK FS M&A fell in 2023, with total deal value hitting a 9-year low

EY’s 2023 UK financial services M&A analysis shows a slowdown in activity last year, with total deal value hitting a nine-year low.

EY expands UK pensions investment consulting team with new partner appointment

Kevin Humpherson has been appointed as a new partner leading EY’s Pensions Investment and the Fiduciary Management Oversight (FMO) proposition

EY strengthens UK Strategy and Transactions practice with new appointments

EY has announced the appointments of Elliott Morley and Gabriel Iliuta as new Partners in its UK private credit tax team, focusing on international financial services tax and transaction services.

UK motor insurers expect 2023 to be worst performing year since 2010

EY’s UK Motor Insurance Results reveals a net combined ratio (NCR) of 114.6% is now forecast for motor insurers in 2023 – up from 108.5% forecast in June.

Premium income for UK insurers forecast for strong growth in 2023

The EY ITEM Club Outlook for Financial Services shows UK insurers are expected to close this year reporting strong overall premium income growth

EY announces appointment of new UK Insurance Leader

EY announces appointment of new UK Insurance Leader