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The Financial Conduct Authority (FCA) has announced proposals to stop the practice of ‘claims management phoenixing’, by banning Claims Management Companies (CMCs) from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant connection to the claim. Claim

Alistair Greig, the financial services chief behind a £13 million Ponzi scheme, who was sentenced to 14 years in prison, has had his jail time cut to ten years. Scottish Financial News reported in April last year that Mr Greig conned more than 140 clients, telling investors he would put their

Law firm TLT has announced the promotion of five lawyers to partner, including Glasgow-based financial services disputes lawyer Louise Chopra, effective 1 May 2021. Ms Chopra specialises in complex banking disputes and commercial contractual disputes.

Link Group has negotiated a new £60 million ten-year term loan facility with Royal Bank of Scotland just before the financial year end. This new medium-term borrowing will help support the delivery of Link’s sizable development programme and takes it overall funding with Royal Bank to &p

NatWest Group has become one of 43 banks globally to join the Net Zero Banking Alliance, a coalition of financial services companies that have pledged to work together to help deliver the Paris Agreement. As the banking sponsor of the COP26 climate summit, NatWest Group’s membership of this gl

Paula Barlow, probate manager at global financial services firm ZEDRA, discusses the importance of understanding probate and inheritance tax. Inheritance tax has attracted a lot of negative media attention, with many describing the tax as ‘complex and confusing’ and in need of a complete

Edinburgh-based recruitment firm Redmill Consulting has acquired Keillar Resourcing, an award-winning financial services recruitment specialist. The acquisition further solidifies Redmill’s status within the financial services recruitment market and will continue the hard work which has been c

From Thursday retailers in Scotland, as well as firms in hospitality, leisure and airports, will be entitled to 100% rates relief for the 2021-22 financial year. As a result, the Scottish Retail Consortium (SRC) is urging firms to apply for relief.

The Financial Conduct Authority (FCA) has launched a new campaign to encourage individuals working in financial services to report potential wrongdoing. The campaign, 'In confidence, with confidence', also reminds the individual of the confidentiality processes in place.

Self Assessment taxpayers have just over a week to pay any outstanding tax liabilities in full or set up an online payment plan for the 2019 to 2020 financial year to avoid incurring penalty charges, HMRC has urged. Last month, HMRC said that due to the impact of the COVID-19 pandemic, they were giv

With just under three weeks to go until the IR35 deadline on 6 April, new research from business and financial adviser Grant Thornton UK LLP has found that over one in three (38%) mid-sized businesses are not ready for the transition.

Mangata Networks LLC, an American company specialising in satellite-enabled telecommunication services, has signalled its substantial ambitions for Scotland following financial support from Scottish Enterprise.

The Financial Conduct Authority (FCA) has today announced that it has commenced criminal proceedings against NatWest Plc in respect of offences under the Money Laundering Regulations 2007 (MLR 2007). The FCA alleges that the Royal Bank of Scotland owner failed to adhere to the requirements of r

Homeowners in the UK can fix their mortgage for 40 years as banks and lenders once again offer the loans that disappeared from the housing market in the 2008 financial crisis.

The practice of diversifying investment portfolios is almost as old as investing itself.  Not placing all of your financial eggs in one basket is diversification in a nutshell. It makes perfect, logical sense: spreading your money over numerous equities or securities, spreads the risk. If certa