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AM Bid, the business bid specialist, has revealed that David Gray has been appointed as the firms' new managing director. Mr Gray will replace current managing director Andrew Morrison, who founded the North Berwick company in 2014. He joined AM Bid in 2016 after working at EDF Energy.

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Edinburgh-based fintech Paysend has launched Paysend Connect, a business account in collaboration with Crassula, an open banking software provider. The collaboration will also enable businesses to provide fintech solutions to their customers.

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The Government Actuary has confirmed that the discount rate in Scotland remains unchanged at -0.75% following the completion of his review. A report has been prepared in accordance with the Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019 and follows from the September 2018 r

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The Financial Conduct Authority (FCA) has fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities. Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on selling annuities directly

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The Financial Reporting Council (FRC) has strengthened its Going Concern audit standard. The FRC revised its Going Concern standard in response to recent enforcement cases and well-publicised corporate failures where the auditor’s report failed to highlight concerns about the prospects of enti

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