Search: financial focus

Phoenix Group has launched a new Innovation Forum that will look to use the latest FinTech innovation to build greater engagement and support the well-being of its customers, driving forward greater financial inclusion. In collaboration with TCS’ Co-Innovation Network (TCS COINTM) innovation e

Glasgow-based insurance firm Kelvin Smith is getting ready to celebrate 40 years in the highly competitive industry with a record turnover of £15 million. Kelvin Smith, which was founded in November 1982, has established itself as one of Scotland’s leading firms of insurance brokers, wea

Edinburgh-based legal services firm Vialex is broadening its offering to clients as the firm appointed experienced lawyer Scott Moncur as head of financial services and sustainable development, a newly-created position. Mr Moncur joins from Medici Legal Advisors, a boutique law firm specialisin

An aggressive recruitment market could hamper start-ups in Scotland’s booming financial technology sector, according to senior fintech experts. Buoyed by a £300 million UK Government investment last August, Edinburgh’s fintech community is populated by a swathe of financial service

Bringing about positive change through ethical finance is the aim of a new partnership between the Global Ethical Finance Initiative (GEFI) and the University of Edinburgh. The partnership, announced at yesterday's launch of the Scottish Taskforce for Green and Sustainable Financial Services, aims t

A new taskforce has been set up to transition Scotland into a global leader for Green and Sustainable Financial Services. Finance secretary Kate Forbes and UN Special Envoy for climate action and finance Mark Carney will be amongst those speaking at a public launch of the taskforce on Monday 28 Febr

Bank of Scotland owner Lloyds Banking Group has posted statutory profits after tax of £5.9 billion in 2021. The group has highlighted a 'solid' net income of £15.8bn, up 9% for the year, with an underlying net interest income of £11.2bn. Underlying other income has also increased b

NatWest Group, the owners of Royal Bank of Scotland (RBS), is set to reinstate bonuses for its CEO and finance director for the first time since the financial crisis. The banking group's board has concluded that "now is the appropriate time for NatWest Group to transition to a more market-standard r

Firms using company or insolvency law to manage their liabilities have been warned they could face assertive action by the Financial Conduct Authority (FCA) if their proposals unfairly benefit them at the expense of their customers. The FCA has seen an increase in the number of firms developing prop

Bank of Scotland has announced the appointment of two new relationship managers for its Edinburgh, Lothians and Borders SME and Mid Corporates team, bringing more than 40 years of financial services experience. Stuart Clark and Alan Bedford join a nine-strong team of commercial banking specialists a

East Kilbride-based cloud software experts Eureka Solutions has secured a partnership with world-renowned rugby club Wasps, to transform its back-office function and financial reporting capabilities. Wasps club officials are rolling out a sophisticated busienss software package to build further mome

Asset engineering firm Edwin James Group is to create more than 100 jobs over the next two years after a series of contract wins helped create a record order book in excess of £500 million. Sales fell by 11% over the last financial year due to the pandemic while profits held up well.

Scottish businesses will welcome yesterday's Autumn Budget and Spending Review 2021, financial experts have said. Andrew Howie, managing partner for Grant Thornton UK LLP in Scotland, said businesses "will breathe a sigh of relief" after being spared tax rises.

Michael Reid, insolvency practitioner and managing partner at Aberdeen-based chartered accountants Meston Reid & Co, considers the role of a licensed insolvency practitioner. Anyone asked about the daily tasks performed by a licensed insolvency practitioner (LIP) might guess they include busines

Mark Sterritt, UK network director - Scotland at the British Business Bank, talks about the success of the Start Up Loans programme in Scotland and the value that new business brings to the Scottish economy, particularly as we focus on recovery. Scotland’s entrepreneurs may have faced multiple