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Global Industrials deal value surged 71% quarter-on-quarter to reach £150 billion in Q2 2026, driven by a strategic shift toward fewer but significantly larger transactions. KONE's £25.9 billion acquisition of TK Elevator headlined the quarter, while mega-deal momentum continues with 11 additional major transactions announced in July alone.

The UK government has published extensive consultations and policy papers on major reforms to defined contribution pension schemes, including new requirements for default retirement income solutions, value-for-money assessments, and minimum scale thresholds. These changes, stemming from the Pension Schemes Act 2026, will fundamentally reshape how DC schemes operate and support members through retirement.

A new survey reveals that 18% of in-house legal teams haven't adopted AI tools, but their hesitation isn't about budget or leadership support. When asked what would actually move them to explore AI, 56% cited the need for clearer regulatory guidance—more than double any other factor. This finding challenges conventional assumptions about AI adoption barriers and suggests the legal industry is waiting for something vendors and consultants aren't currently providing.