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Mortgage lenders have announced a voluntary moratorium on possessions from Monday 13 December until Tuesday 4 January 2022. The industry is committed to providing ongoing support to those in financial difficulty as a result of the pandemic, especially those who may be worried about making their mort

Debt collectors are now allowed to reach out to American borrowers on social media and by text message, according to new rules enacted by the Consumer Financial Protection Bureau (CFPB). The change, which was approved by the CFPB last year under the Trump administration, requires creditors to contac

Thirteen business representative groups and industry bodies have jointly written to the Scottish Finance Secretary asking her to introduce a business rates discount for all retail premises for the coming financial year. The retail industry in Scotland employs 230,000 people and traditionally account

Edinburgh-based financial provider Aegon UK has posted a 57% year-on-year increase in its third-quarter operating profit, reaching £44 million. The firm said that the rise was driven by higher fee revenues resulting from "favourable" equity markets, a provision release and decreased expenses.

Perth-based Carbon Financial Partners has been recognised with the Gold Standard Award for Independent Financial Advice for the eighth year in a row. The Gold Standard, now in its 19th year, is a benchmark of excellence in the profession. Carbon was one of four firms to win the award in the category

A socialite's speeding fine has been halved to £50 after she requested special treatment due to “financial hardship”.

Accountancy firm Grant Thornton has been slapped with a financial sanction of nearly £720,000 in connection with failings in its audits of Interserve. Interserve, a major outsourcing company, went into administration in 2019 after financial restructuring plans drawn up by the company’s l

Businesses in Scotland have seen a marked increase in levels of businesses experiencing advanced financial distress in the third quarter of 2021 compared to the previous quarter as the pressures of the pandemic took their toll following two years of restrictions and lockdowns. The latest Red Flag Al

Income generated by Scottish Enterprise’s equity and debt investments exceeded £50 million during the last financial year, new figures show. Seven trade exits contributed to income totalling £56m in FY2020/21, as did a partial realisation of the economic development agency’s

Edinburgh-based financial services consultancy CBS Consulting has reported 110 per cent growth in its revenues in a year dominated by the Covid-19 pandemic. The company provides change management advice and support to UK financial services companies in the areas of business transformation and digita

The Financial Conduct Authority (FCA) has warned that social media is encouraging young people to invest in risky cryptocurrencies. The financial regulator warned that “hype” on social media platforms and in the news is driving new investors to channel their money into high-risk investme

Scotland has the most self-contained investor base outside of London, and one of the UK’s most vibrant financial ecosystems, according to new research published today as part of the British Business Bank’s first annual Regions and Nations Tracker. However, while Scotland’s 9% share

Alan Steel, an investment adviser renowned for his straight-talking about the financial industry, has died at age 74. Mr Steel was the first person in the industry to expose the Equitable Life scandal and was also highly critical of any products he considered poor value for money, including endowmen

Andrew Scouller, an independent financial advisor at Phil Anderson Financial Services Ltd, discusses further education funding in the wake of COVId-19 and Brexit. As students return to college and university, it’s an apt time to reflect on how the seismic changes wrought by the pandemic and by

Women in the financial services sector have bounced back following the relaxation of Covid-19 restrictions according to a new report by Edinburgh-based recruitment firm Core-Asset Consulting.  Core-Asset Consulting found around half of candidates registering in the last quarter have been women,