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Nearly 600,000 people are now paying less in interest and charges on their credit card debt because of changes made by the Financial Conduct Authority (FCA). In its Annual Report, published today, the FCA has set out how it has worked over the past 12 months to meet its objectives of protecting cons

A Dundee gym has closed down this week due to financial difficulties.

The auditor of now-collapsed Laura Ashley, UHY Hacker Young (UHY), has been fined £300,000 by the Financial Reporting Council (FRC) for failing to highlight serious financial issues at the design company and its imminent danger of collapse. The FRC issued a Final Settlement Decision Notice and

Audit, tax and consulting firm RSM UK has sponsored a prize which recognises the top student in Financial Accounting Stage 2 on the BA (Hons) Accounting and Finance degree programme at Robert Gordon University. Second-year student Arran Robertson was awarded the prize, after achieving the highest ov

The Financial Conduct Authority (FCA) has told banks they must treat small business customers fairly when collecting and recovering debts.

HM Treasury has today announced the appointment of Ashley Alder as the new chair of the Financial Conduct Authority (FCA). Mr Alder is currently chief executive officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. He also chairs the Board of the Interna

Businesses, consumer groups and financial and legal professionals are being invited to share their views on a proposed law which could substantially reform how Scots can raise finance. The Scottish Parliament’s Delegated Powers and Law Reform Committee has launched a consultation on the Scotti

Dundee-based Hutchison Technologies has welcomed Kirsty Blair as its new director of finance. In this role, Ms Blair will be responsible for the financial stewardship and success of the company through the provision of proactive financial planning and advice.

A new monitor is being launched by the Scottish Government to help inform policy decisions to reduce Scotland’s vulnerability to future financial and environmental shocks, helping build a more prosperous, resilient, equal and sustainable economy. The Wellbeing Economy Monitor will complement t

The Bank of England has announced that it will withdraw its mortgage stress test from the start of August this year. In March, the bank's Financial Policy Committee proposed withdrawing affordability rules that were put together after the financial crisis and require banks to check whether borrowers

The Financial Conduct Authority (FCA) has published a list of providers it intends to authorise when the pre-paid funeral plans industry comes under its regulation from 29 July.

Revolut, the global financial super app with more than 18 million customers worldwide, has announced a streamlined version of the Revolut app will be available in five new countries in the next couple of months. Customers in the additional countries can transfer money to 50+ countries quickly, bring

The Financial Reporting Council (FRC) has today published a consultation on proposed changes to Technical Actuarial Standard 100 which would require actuaries to include climate change risks in the course of their work. The FRC is proposing to introduce a new requirement to ensure actuarial practiti

Bank of Scotland owner Lloyds Banking Group is close to agreeing a compensation deal for victims of the Reading HBOS scandal. After mounting pressure from small business representatives and the Financial Conduct Authority, it has been reported that the banking giant has agreed to offer victims of th

Banks and building societies will need to assess the impact of changes to their services, for example shorter branch opening times, under updated guidance proposed by the Financial Conduct Authority (FCA). The FCA is also consulting on requirements for more detailed analysis on how firms assess the