The Scottish Government has announced that loans have been offered to hill and upland farmers and crofters to provide them with financial support and certainty in the New Year. Under the national Less Favoured Areas Support Loan Scheme (LFASS) 2019, eligible farmers and crofters will be offered up t
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The Financial Conduct Authority (FCA) has today published a consultation on how to apply the Senior Managers Regime (SMR) to benchmark administrators. The SMR sets important standards for governance and accountability and will apply to almost all FCA-regulated firms from December 2019.
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of Scottish Boatowners Mutual Insurance Association (SBMIA) £78,318 and £76,180 respectively. The regulators found that between February
The Financial Conduct Authority's (FCA) new rules in the Buy Now Pay Later (BNPL) industry came into force yesterday. The FCA believes that the new rules will save customers between £40-60 million a year in interest payments.
The Financial Reporting Council (FRC) has published its year-end advice to audit committee chairs and finance directors. In an end-of-year letter to audit committee chairs and finance directors, chief executive Sir Jon Thompson is reminding them to consider the FRC’s view on key matt
The Financial Conduct Authority (FCA) is seeking compensation orders in favour of investors in respect of losses they have suffered in the First Park Limited's Park First scheme as it begins its proceedings against the company. The FCA has started the proceeding against the company's senior managers
The Financial Conduct Authority (FCA) has said that an estimated six million insurance customers pay high prices and are not getting a good deal. The watchdog made the statement following the publication of an interim report into the pricing of home and motor insurance.
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
Armstrong Watson Accountants, Business & Financial Advisers has taken on a record number of new starters, with the appointment of 11 chartered accountancy trainees and 20 trainees studying AAT/ATT across five of the firm's offices in Glasgow, Carlisle, Northallerton, Skipton and Leeds. The 31 bu
Scottish Friendly, Scotland’s largest financial mutual, has appointed Genevieve Humphreys as its new chief risk officer. With over 20 years’ experience working in the financial services industry, Ms Humphreys has joined the Scottish Friendly team.
Buying a house as a couple shows a lot of commitment, both romantic and financial, and for some this can be daunting. Just ask the people of Cardiff, who, according to new research, wait the longest before buying property with their partner.
An innovative Fife-based business which manufactures and sells pioneering eco-friendly cleaning products is set for expansion after securing financial support from HSBC UK.
None of Scotland’s league football clubs are showing serious signals of financial distress, and average attendances are also on the rise, according to football finance experts who report annually on key indicators of business distress in the game.
The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms after releasing data which shows victims lost over £27 million in 2018/19 to the cons. The City regulator's warning comes as sca
The rise of financial technology has long come under fire for alienating the generation of baby boomers and and their parents who lack the tech savvy necessary to participate in what has been a revolution for the banking industry. But now, new research has revealed that one of the latest forms of fi
