Search: financial focus

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

Stuart Smith, a former senior auditor at KPMG, has been fined £150,000 and banned for three years after admitting to misleading the Financial Reporting Council (FRC). KPMG and Mr Smith admitted their misconduct in relation to the FRC’s Audit Quality Review (AQR) inspection of the audit o

Professional sports affected by the recent Covid-19 crowd limits have been allocated £2.55 million in financial support from the Scottish Government. The funding comes from the £5 million announced for professional sport on 5 January, as part of £375 million in wider business suppo

Jon Holt, the chief executive of KPMG, has admitted that the Big Four firm misled the Financial Reporting Council (FRC) over its audit of collapsed outsourcer Carillion. In a statement released on the first day of a five-week disciplinary tribunal over the behaviour of the firm and six former employ

A court has ruled that a 39-year-old unemployed woman is not entitled to financial support from her retired father. The woman lives in Rome with her mother, who sought €900 per month in alimony from her husband, who separated from her and moved out of the family home in 2013.

Scotland has experienced the highest growth in average household wealth in the last decade at 66%, according to the St James' Place Financial Health Index. This compares to 19% for London and 18% in the North East of England.