Search: financial focus

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

Johnston Carmichael has opened its first premises outside of Scotland with a new office based in London. The new office has opened as part of a strategic expansion of its financial services sector offering.

Business activity in the Scottish economy declined in the third quarter of this year with the ongoing economic uncertainty expected to have a continued detrimental impact.

Stuart Gillies, an associate at CMS, wrote for The Scotsman, on how the burgeoning Fintech industry is set to plunge the corporate world into a tech-driven revolution. Fintech, the use of technology in the delivery of financial services, is thriving. Companies and products such as Monzo and App

Anderson Anderson & Brown LLP (AAB) has announced that its dedicated Business Advisory team has secured £1 million of new business wins during 2019 so far. A flurry of new business wins by the team has resulted in this rise in fee income from last year and means it is on target to achieve

Leigh Grubb is to join Caledonia Housing Association as its new director of finance and governance. A qualified chartered accountant and former chief operating officer, Leigh has over 20 years’ experience within the financial services industry, including a number of senior manag

Profits in Scotland’s legal sector have fallen by over a quarter in the last ten years, according to Scottish accountancy firm French Duncan. Accountants and business advisers French Duncan compared the most recent Law Society of Scotland Financial Benchmarking report for 2018 and compare

Finance workers at the former Dundee offices of Alliance Trust Savings (ATS) are facing an uncertain future in the wake of its acquisition by Interactive Investor (ii). Senior ii management have set out plans to integrate former ATS customers into the Manchester-based business, which acquired ATS la

Results from Scottish law firm Gillespie Macandrew released today confirm the business has achieved a seventh consecutive year of growth for the year ended 28 February 2019. With an increase in revenue of 8.3 per cent to £13.0m, the firm’s year end cash position was also strengthene

Scottish Investment Operations (SIO) has welcomed J.P. Morgan as a new member.  With over 650 employees based in Scotland, J.P. Morgan joins as SIO anticipates record revenues over the last year.

Aberdeen-based Hutcheon Mearns has announced the appointment of Claire Clark as its new head of specialists and transaction advisory. Ms Clark has been with Hutcheon Mearns since shortly after its inception in 2015, with the business experiencing significant growth despite the backdrop of a depresse

The rising prominence of so-called ‘zombie firms’ – companies under sustained financial strain – is threatening to cause a significant drag-effect on the UK economy, new analysis from KPMG has found. A look at the last three annual accounts of listed UK companies (FTSE and AI

Johnston Carmichael has strengthened its corporate finance offering across the north of Scotland with a senior strategic hire. Eliza Bellamy, who brings 15 years’ M&A experience, has joined Johnston Carmichael as a director in the firm’s Aberdeen office.

Scottish Friendly, Scotland’s largest financial mutual, has today announced a significant increase in demand for Investment ISAs as it reveals another solid set of financial results in 2018. Despite challenging market conditions, the mutual reported strong growth in Scottish Friendly

A third of accountants currently see AI as all or mostly hype, while nearly 60 per cent say that in three years’ time it will become a reality, according to global research amongst nearly 2,000 Association of Chartered Certified Accountants (ACCA) members in 111 countries. The findings ar