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A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will

Scottish businesses are threatening the Scottish Government with court action in order to claim grants they believe they are entitled to, as firms face financial difficulty amid the coronavirus crisis.

A £5 million package of emergency financial support has been announced by the Scottish Government in order to help students facing hardship as a result of the coronavirus outbreak. Extra cash will be made available to any university and college students now struggling as a result of COVID-19,

Chartered accountants Wylie & Bisset is advising professionals and other intermediaries with business clients concerned about financial distress resulting from the current social distancing measures to consider a DAS Debt Payment Programme. A Debt Payment Programme under the Business Debt Arrang

Steven McKay, head of employee benefits at chartered financial planners Mearns & Company, discusses the coronavirus pandemic and employee benefits. At Mearns & Company, we understand the disruption that the outbreak of COVID-19 has caused to everyone’s daily lives. 

The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus. The watchdog has also called for arranged overdrafts up to £500 to be charge

The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code. The FRC has urged that Reporting Accountants (RA

The Financial Reporting Council (FRC) has today launched a consultation on the proposed adoption in the UK of International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements Other Than Audits or Reviews of Historical Financial Information. The FRC is proposing that compliance with

Alistair Greig, the financial services chief behind a £13 million Ponzi scheme, is facing jail time for the scam. The fraud saw 165 victims of the scheme convinced to place their money in “guaranteed” high-interest accounts which cost many victims their life savings.

Chartered accountant Wylie & Bisset has joined North Ayrshire Council’s Business Consultancy Framework, under which it will provide a range of financial and data analysis and succession planning support. The framework is an enabling programme that seeks to increase assistance available to&

Scottish Enterprise has been instructed by its chief executive to suspend all future support grants and to slash internal budgets as the business agency faces financial difficulties. Steve Dunlop, chief executive of the agency emailed staff earlier this month asking staff to implement the changes. T

Stock markets around the world are suffering their worst week since the global financial crisis of 2008, as fears over the impact of the coronavirus continue to hold investors hostage.

Chartered accountant Wylie & Bisset has joined Glasgow City Council’s new Business Growth Programme, under which it will provide a range of business structuring and business financial management advice to local SMEs. The programme is funded by the European Regional Development Fund through

It is expected that the UK Government will sell more of its stake in the Royal Bank of Scotland after the bank unveiled strong financial results last week. The bank's chairman Sir Howard Davies raised expectations for the government action when he said that he expected the government to mo

Unity Trust Bank has appointed former RBS head of corporate transactions John Copping as its new regional director for North. Mr Copping has a wealth of experience in the financial services sector having worked at RBS for over 30 years where he was regional head of corporate transactions, overseeing