Search: financial focus

A new report from Wealthify has revealed almost three quarters (73%) of the country fall below new Financial Literacy Benchmark, exposing the UK as a weak performer on financial literacy relative to other similarly developed economies such as France, Canada, and New Zealand.

ZLX Business Solutions, a research and development (R&D) tax credit specialist, and independent financial advisor, Ascot Lloyd, have agreed to deliver complementary services to offer financial peace of mind to businesses operating across the UK. The partnership will result in greater depth of pr

Private bank Hampden & Co has appointed Patrick Preece as a banking director at its London office. Prior to joining the Edinburgh-headquartered bank, Mr Preece was at Investec where he worked in their city professionals team. He has also worked at C. Hoare & Co, where he was a rela

Johnston Carmichael Wealth has appointed Martin Hendry as its new chartered financial planner based in its Glasgow office, as part of the firm’s plans to grow in the Central Belt. Martin Hendry has been working in the financial sector for 12 years and prior to this spent six years as an econom

Citi Group has announced that it is proposing to focus its UK personal banking and wealth management business on select wealth clients, effectively closing down its retail banking services to the general public. This proposal would enable Citi to focus on clients requiring comprehensive advice on ma

East Kilbride-based business software company Eureka Solutions has notched up a 15% increase in turnover following a restructuring of its cloud software business. The firm saw turnover reach £5.25m in its latest financial year, a significant jump on the preceding year’s £4.8m, whic

Mark Sterritt, UK network director for Scotland at the British Business Bank (BSB), shines a light on four financial trends to keep an eye on this year. Last year was a rollercoaster for many smaller businesses in Scotland, regardless of their size. Between the different variants of Covid-19 emergin

Mental health stigma and discrimination remain an issue in the financial and professional services sector in Scotland, a new report suggests. The new report from Scottish Financial Enterprise Young Professionals in partnership with SAMH and See Me has underlined both the achievements and areas for i

Aberdeen-headquartered IT managed service provider ITWORX UK is celebrating one year since it became employee-owned and its best financial year since launching 11 years ago. The company have reported a record £3.06 million turnover which equates to a 15% increase in their business over th

There are now 27.7 million adults in the UK with characteristics of vulnerability such as poor health, low financial resilience or recent negative life events in light of the coronavirus pandemic, according to the Financial Conduct Authority's (FCA) latest Financial Lives survey (FLS). The survey lo

The Financial Reporting Council (FRC) has today announced its corporate reporting and audit quality review programme for 2021/22 alongside its priority sectors for review. The FRC’s Corporate Reporting Review team will supplement its routine reviews of corporate reporting with five thematic re

Glenrothes-based timber specialist, James Donaldson and Sons Ltd (JDS), has appointed Arlene Cairns as its new chief financial officer.  Taking up her new role yesterday, Ms Cairns joins from Aviva, where she was chief finance operations officer responsible for leading globa

David Kent, head of Scotland for innovation funding consultancy Leyton UK, looks at why Scottish firms are missing out on R&D tax relief and what can be done about it. Innovation is a hallmark of many Scottish companies. From oil and gas decommissioning in the North Sea, to biotech companies in

Two thirds (60 per cent) of UK teachers believe students leave school with a poor level of financial understanding while 70 per cent of students reported acquiring their financial knowledge from their parents rather than formal education, new research has found.

The local authority watchdog has reported that East Ayrshire Council is continuing to improve against a backdrop of financial, social and economic challenges, the Accounts Commission has found.