Search: financial focus

Shackleton was left sitting on a major client compensation bill following its acquisition of Hurst Point in September. Hurst Point, whose financial planning arm was rebranded Argentis in 2026, set aside £2.3m for redress, according to its 2025 results filed at Companies House. The provision in

The Financial Conduct Authority's head of innovation Colin Payne has revealed how they helped Baillie Gifford launch their new digital asset fund in nine months. The Edinburgh-based investment manager worked with the regulator on the development of a tokenised UK fund, Baillie Giffords Enhanced Yiel

A legal expert has warned the Financial Conduct Authority's (FCA) plans to update rules to stop companies using loopholes in regulation to take over investment trusts will fail to stop shareholders repeatedly requisitioning meetings. The warning comes as Baillie Gifford US Growth Trust prepares to f

Scotland's financial services sector has hit a "tipping point" on tax divergence, according to Sandy Begbie, chief executive of Scottish Financial Enterprise stating hybrid working has removed the practical need for new recruits to live in Scotland at all. "We believe we've now got to a point at a t

Brooks Macdonald has made three new appointments to strengthen its team in Glasgow and Edinburgh.  Ross MacNish joined the Brooks Financial team in Edinburgh as principal financial planning director on 14th September. 

Saba Capital's board nominees at Baillie Gifford US Growth Trust would fail independence rules, including proposals not yet adopted by the Financial Conduct Authority (FCA), should the activist investor go on to be appointed the trust's manager, according to Winterflood's Emma Bird. Bird, head of in

UK crypto-as-a-service platform Zumo has teamed up with specialist regulatory and financial services firm Zeyro to help cryptoasset businesses navigate regulatory rules around marketing their products. Firms are banned from advertising financial products or services unless they meet rigorous standar

More than £1bn in inheritance tax was paid by the estates of wealthy families who put off gifting until it was too late, new figures show. Data obtained by financial advice firm, NFU Mutual, showed that more than 5,000 estates paid in excess of £1bn in IHT on lifetime gifts in the tax ye

The Financial Conduct Authority (FCA) has sounded the alarm over a handful of asset managers dominating the ballooning private credit market. Following a review of the latest UK Alternative Investment Fund (AIF) data between 2021 and 2025, it found that the top five asset managers hold 28% of the ma

Sandy Begbie has a message for anyone convinced artificial intelligence is about to wipe out entry-level jobs in Scottish financial services: it isn't happening, not yet, and not the way the debate suggests. "No one is saying to us that there's any major job losses," the Scottish Financial Enterpris

Schroder Oriental Income Fund (SOI) has appointed Winterflood, a division of Marex Financial, as the company's sole corporate broker and financial adviser with immediate effect, replacing Deutsche Numis. The board confirmed that Winterflood will undertake market purchases of ordinary shares in the c

A Budget tax raid on British banks would hand a competitive gift straight to rival global financial centres, according to the chief executive of one of the world’s largest independent financial advisory organisations. Nigel Green of deVere Group urged Chancellor John Healey to dismiss union le

Tributes have been paid to "pioneer" Geraldine Maloney as the City and financial services community mourned the loss of "one of its most respected and loved" after she died following a long battle with illness. The Quilter veteran began her career at Foster & Braithwaite in July 1985 as a dealer

The Financial Conduct Authority (FCA) has been urged to overhaul self-invested personal pension (SIPP) data practices and coordinate with HMRC and the DWP to address systemic blind spots. The watchdog's proposals follow 22 SIPP operator failures between 2011 and 2023, that left investors with £

Former NatWest chairman and financial regulator Sir Howard Davies has launched a scathing attack on the UK's banking framework, claiming that post financial crisis ring-fencing was a "completely useless regulatory intervention" that has "emasculated UK investment banking." Speaking as ministers weig