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The pandemic has caused a dramatic rise in financial vulnerability in Scotland as 27% of those in the country now feel more financially vulnerable than they did in March 2020, according to new research from mutual insurer Royal London. Of those, 31% attributed this to a reduced income and 13% had a

Consumers are currently facing a £371 billion savings shortfall when it comes to feeling able to withstand a financial shock, according to Yorkshire Building Society’s The Nation’s Nest Egg report.

James Irving-Lewis of Phil Anderson Financial Services in Aberdeen discusses the COVID-19 insurance myth. With more than 1.8 million confirmed cases of coronavirus (COVID-19) worldwide and fears that 80% of the UK population will fall ill as a result, many people are looking to their insurance provi

Global financial services consulting firm Sionic has appointed Scott Lee as a partner in the firm’s  Wealth Management & Private Banking Practice Mr Lee joins Sionic from his former role as investment management director in the Wealth & Asset Management Practice at KPMG. Based in

Staff at the Glasgow office of financial services giant Morgan Stanley are playing their part in tackling loneliness among older people. A group of them are volunteering as Phone Friends with the charity Food Train, which helps those aged 65 and over live better lives in their own home.

DataVita, Scotland’s largest data centre and multi-cloud services provider, has reported a more than 100% increase in its contracted revenues for the last financial period, rising from £15 million to £31m. The revenue growth comes on the back of a number of new contract wins across

A free national debt advice service has been launched for people across Scotland. The moneyadvice.scot service from Advice Direct Scotland is for anyone struggling to meet their current financial commitments.

Scotch Whisky distiller Edrington has posted a profit before tax of £178.4 million - a drop of 21% from the previous year. For the year ended 31 March 2021, the Glasgow-based firm's core revenue stood at £576.2m, down 15% from 2020 while the company's core contribution of £196.5m w

Scottish financial services chief Anne Richards has been honoured with a damehood in the Queen's birthday honours. Ms Richards, chief executive of Fidelity International, has been recognised for services to financial services, women, education and science.

Capital Credit Union is calling on the Scottish Government to appoint a financial wellbeing Tsar as part of a package of measures to help in the recovery from the Covid pandemic. The Edinburgh-based organisation says a three-pronged approach between credit unions, government and employers is needed

The latest Football Distress Survey conducted by Begbies Traynor has revealed a 33% rise in the number of very early financial ‘Red Flags’ at Scottish football clubs. The survey, which has been conducted annually since 2012, has previously revealed a deceptively rosy picture of

Rathbone Investment Management has appointed Scott Lothian as an investment director in Edinburgh. Mr Lothian has over 20 years’ experience in financial services. Prior to joining Rathbones, he worked at Brooks Macdonald from 2010 as a senior investment director and head of Brooks Macdonald AI

More than a third of parents (34%) are using current accounts that pay almost zero interest to save for their children’s future, new research from financial mutual Scottish Friendly has revealed.

Sir Jon Thompson, chief executive of the Financial Reporting Council (FRC) has admitted that the financial regulator was "asleep at the wheel" during corporate failures. In an interview with the Financial Times, Sir Jon admitted that the regulator had failed to do its job during a series of corporat

The number of fines issued to auditors by the accountancy watchdog has almost tripled in the last year as the Financial Reporting Council (FRC) seeks to stamp out poor practices ahead of a government consultation on reforming the scandal-hit industry. The FRC distributed £25 million in fines i