Search: financial focus

From today new restrictions will apply to claims management companies (CMCs) to prevent them from charging excessive fees to consumers owed compensation from financial services firms. Under new Financial Conduct Authority (FCA) rules in force from today, the maximum consumers can be charged will dep

Three managing directors at business advisory firm Quantuma have been appointed as joint administrators of financial cooperative Strathkelvin Credit Union (SCU). The Dunbartonshire-based credit union, founded in January 1996, entered administration yesterday as a result of regulatory breaches which

Barrhead Housing Association has announced the appointment of Lauren Rice as its new director of finance and corporate services following a competitive recruitment process. PwC-trained Lauren brings a wealth of financial and management experience across social housing, private and public sectors.

The imposition of additional trade and financial sanctions by the UK, US and EU against Russia will have major implications for businesses and merits preparatory contingency planning, writes Stacy Keen, senior associate at Pinsent Masons. The UK government this week introduced sanctions which c

Adrian Chiles has won a seven-year battle with HMRC over a £1.7 million tax bill for his broadcasting work. A first-tier tax tribunal ruled that Chiles was right to organise his financial affairs through his company, Basic Broadcasting, and was not in effect an employee of the BBC and ITV.

Burness Paull has completed a letting at BAM TCP Atlantic Square Limited’s 2 Atlantic Square, Glasgow, in the heart of the city’s International Financial Services District.

Edinburgh-based financial services firm Aegon UK has posted an operating profit of £158 million in 2021. This is an increase from the £128m posted in 2020.

Big Four firm PwC is being investigated by the Financial Reporting Council (FRC) over its audits of construction firms Kier and Galliford Try. The initiation of these investigations takes the number of probes into the firm to seven. The FRC was already scrutinising PwC's audits of Eddie Stobart, BT,

Richard Lloyd has been selected as interim chair of the Financial Conduct Authority (FCA) while the Treasury searches for Chris Randell's permanent successor. Aidene Walsh will act as interim chair of the Payment Systems Regulator (PSR) from 1 April 2022.

Reskilling staff can create cost savings of up to £49,100 per employee compared to recruiting or making a role redundant, according to a report published today by the Financial Services Skills Commission (FSSC) and PwC UK.

Aberdein Considine has appointed Darren Polson as head of mortgage operations. Mr Polson brings almost 20 years’ experience in financial services and has joined the firm from Mortgage Advice Bureau where he was head of training and performance in Scotland. He will work alongside Greig Brown wh

Jan du Plessis, the chairman-designate of the Financial Reporting Council (FRC) has told the Big Four accountancy firms that “the outcome could be much worse for them” if they do not actively participate in the drive to improve the audit industry. Mr du Plessis' warning came as he faced

Unite, the union representing staff at the Financial Conduct Authority (FCA), has launched an indicative ballot of its members for industrial action at the regulator. Yesterday, Unite members began voting in a ballot called by the union as management has refused to negotiate with the workforce on a

Greater competition in retail banking is driving choice and lower prices for consumers and small businesses, despite the financial impact of the pandemic, according to a new review conducted by the Financial Conduct Authority (FCA).

The Payment Systems Regulator (PSR) has imposed fines against Mastercard, allpay, Advanced Payment Solutions, Prepaid Financial Services and Sulion after concluding that the five parties infringed competition law by agreeing not to compete or poach each other’s customers in the prepaid cards m