# Travers Smith

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Travers Smith's Sustainability Insights: What can (private markets) investors do about climate change?

Investors must face reality: A new report argues that a decade of disclosure targets and stewardship has failed to drive real-world decarbonisation, because technology development and government policy – not investor pressure – are the primary determinants of how quickly economies transition. Priva…

Travers Smith's Alternative Insights: The disruptor is disrupted

Alternative Insights Summit 2026: In London last week, Travers Smith's clients and friends convened to discuss the key issues of the day in the private markets. Increasing access to private market returns: One theme was the need for UK pension funds to take more advantage of the returns available, …

Travers Smith's Sustainability Insights: Defence needs capital – and clarity

Sustainability issues are manageable: Policymakers and industry initiatives are clearing sustainability obstacles, but – although vital – these are usually not the main obstacle to defence investment in Europe. Due diligence challenges remain: Human rights and end-use risks cannot be fully eliminat…

In conversation with Jason Jones

Travers Smith is proud to act for Jason Jones in his appeal to the Privy Council challenging Trinidadian laws that criminalise same-sex intimacy. In this podcast, Caroline Edwards (Partner) and James Hulmes (Senior Counsel) discuss the case and its significance with Jason.

Travers Smith's Alternative Insights: Private capital faces more tax scrutiny

Key Insights: Policy calm, but fragile: The UK government has engaged constructively with the private capital sector since 2024, but the incoming administration's intentions on capital gains tax and wealth taxes remain unclear. Tax disputes an increasing headache for businesses: The UK tax authorit…

Will Normand, Head of Asset Management at Travers Smith — On Private Capital, AI and Building the Next Generation of Lawyers

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In this episode, Will explains how the private capital industry has evolved over the past two decades and why the most successful law firms are rethinking how they advise clients, develop talent and differentiate themselves in an increasingly competitive market.Will begins by demystifying asset man…

Travers Smith's Alternative Insights: UK AIFMD Review – the FCA misses its shot

Reform in name only: The FCA's proposals recycle large portions of EU-derived rules into new British ones. For larger managers, the regulatory burden will feel much the same. Small managers, bigger burden: The firms the reforms claim to help — smaller managers and new market entrants — may face mor…

Travers Smith's Sustainability Insights: SFDR 2.0 – the Mist Clears What is agreed about SFDR 2.0, and where gaps remain

Some clarity, at last: After nearly a year of debate, key elements of SFDR 2.0 seem to be all but agreed: a three-category product labelling regime that is unlikely to apply before early 2029. There will be further negotiations over the precise details. New benefits, new burdens: Alternative asset …

Travers Smith's Alternative Insights: Artificial Intelligence – Humanity's sunset or the dawn of a golden age for financial services?

Key insights Regulators favour evolution over revolution: The FCA's principles-based approach means that UK private capital firms face no new AI rulebook, but must apply existing governance frameworks more rigorously as AI tools become increasingly autonomous. Governance and resilience demand urge…

Travers Smith's Sustainability Insights: Sustainability reporting: retreat or reset?

Reporting burden eases globally: Regulators worldwide are scaling back sustainability disclosure requirements, with the UK taking a measured approach that favours flexibility and proportionality. Flexibility replacing prescription: The FCA is moving away from mandatory, metric-heavy reports towards…