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On 9 December 2019, the senior managers and certification regime (SMCR) will come into force for all Financial Conduct Authority (FCA)-regulated asset management firms, replacing the old approved persons regime. Sarah Leslie tells practitioners what they need to know. Final policy statement

Burness Paull has reported a rise in turnover for its financial year ending 31 July 2019, posting an annual income of £58.5 million – up two per cent from £57.6m in 2017/18. Profit at the firm was £22m, down eight per cent from £23.8m. Burness Paull chair Peter Law

Thousands of people have signed a petition calling on Edinburgh Fringe authorities to allow a giant inflatable vagina to fly over the city home to Scotland's financial centre.

More than £7 million worth of fraudulent transactions have been prevented in Scotland in the last financial year (April 2018 – March 2019) as a result of the Banking Protocol a rapid response scheme aimed at preventing bank customers from falling victim to scams.

Alex Nicholson is VAT director for Armstrong Watson, accountants, business and financial advisers, warns Scottish construction firms to act now in preparation for the VAT domestic reverse charge From 1 October 2019, there will be a significant change to how suppliers in the construction industr

Forty and fifty somethings in Tayside considering their retirement options have been invited to attend a free information session aimed at providing useful tips for maximising a solid financial future. Led by Thorntons Investments, the sessions entitled ‘Are you on track for the retirement you

East kilbride-based Goals Soccer Centres, which runs outdoor football centres in the UK, has said the "improper behaviour" in the preparation of its financial accounts stretches back "at least" to 2010.

Nucleus Financial Group, the Edinburgh-based adviser built wrap platform, has posted results showing that assets under administration (AUA) broke through the £15 billion barrier in the second quarter. Despite an "unsettled" climate, AUA at the fintech continued to rise in the three months to 3

Edinburgh-based financial services giant Standard Life Aberdeen (SLA) has moved to put down reports that Martin Gilbert was stepping down from the firm's board. The co-founder and former Aberdeen Asset Management (AAM) chief executive, now vice-chairman of SLA, had been linked with the chairmanship

Law firm Shoosmiths has today announced its financial results for 2018/19, with revenue up seven per cent year-on-year to £137.6 million and net profit up six per cent to £37.9 million. Commenting on the results, Simon Boss, CEO of Shoosmiths, said: “The market continues

Young women are shifting towards financial independence as they abandon “traditional” attitudes towards sharing assets, research suggests. A survey of nearly 4,000 British women found those aged 16-34 were more likely (31 per cent) to opt against sharing financial assets with their signi

Edinburgh is the top destination for cleantech investment globally after seeing the largest percentage of financial support – highlighting a growing technology specialism within Scotland. Cleantech encompasses products or services that improve operational performance, productivity, or efficien

Capital Credit Union has announced a formal partnership with one of Scotland’s leading social care charities to provide access to ethical financial services to its staff. The Edinburgh-based credit union has launched an official link with Carr Gomm, an organisation with over 1,000 staff.

Industry body Oil & Gas UK (OGUK) has announced the appointment of Alistair Stobie, chief financial officer at Hurricane Energy, to its board. Hurricane Energy has developed pioneering approaches to exploration, particularly in the frontier region West of Shetland and the company has recently ac

UK advice firm Wren Sterling has announced the acquisition of Dunfermline-based independent financial planning business T D Armstrong Financial Planning Limited. Max Horne, Trudi Horne and Fraser Rowan from T D Armstrong Ltd will all join Wren Sterling.