The Financial Conduct Authority (FCA) has today set out plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets for firms to adhere to. Firms are already bound by FCA rules and principles to treat customers fairly and many firms are delivering
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The number of commercial rent disputes between occupiers and landlords in Scotland referred to a third party for determination halved in the 12 months to the end of February 2021, according to new analysis from Knight Frank. The independent commercial property consultancy obtained figures from the R
Shepherd and Wedderburn’s corporate finance team advised on deals with an aggregate value of £7.1 billion in 2020. The team advised on 75 corporate finance transactions globally (excluding deals for the banking sector) – an increase of 18 per cent on its £6 billion aggregate
The Scottish Government has used its devolved tax and benefit powers to craft a more progressive system than is in place in the rest of the UK, according to the latest study by the Institute for Fiscal Studies (IFS).
Grant Thornton has seen a sharp increase in profit within its audit division after the firm invested £17 million in 2019 to improve the quality of its audit work. The accountancy firm posted an audit profit of £11.3m for the 12 months to the end of December, compared with £1m for t
The practice of diversifying investment portfolios is almost as old as investing itself. Not placing all of your financial eggs in one basket is diversification in a nutshell. It makes perfect, logical sense: spreading your money over numerous equities or securities, spreads the risk. If certa
Azets is celebrating the start of National Apprenticeship Week by announcing that the business has recruited 443 apprentices during the current financial year. Across the UK, Azets has over 900 students and trainees studying professional qualifications, of which 443 are following the apprenticeship
The private equity industry has a unique opportunity to accelerate the UK’s economic recovery in the coming decade and contribute to the government’s levelling up agenda, according to Edinburgh-based private equity firm LDC. Speaking as LDC provided an annual summary of its performance,
A Scots duo have unveiled an ambitious venture to launch a new rum portfolio from Scotland this spring. The new company, Harpalion Spirits, is financially backed by entrepreneur Richard Dixon (who sold his successful Vets Now chain in 2018) who is the chairman, and is led by chief executive Claire K
Competition for investment is set to intensify after the London Stock Exchange (LSE) closed last year with a flourish of activity, which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO a
HSBC has indicated that it could charge for some current accounts as the banking industry anticipates the introduction of negative interest rates. Yesterday, the bank said it was assessing whether to charge for basic banking services in some countries.
Glasgow has raced out of the starting blocks in its bid to double the size of its city centre population over the next 15 years to 40,000. Civic leaders were last week handed a very welcome boost to their ambitions to deliver their City Centre Living Strategy (CCLS) when LGIM Real Assets (Legal &
After a quiet second quarter, there has been a resumption of Initial Public Offering (IPO) activity as both the Main Market and AIM have adapted to operating in a predominantly virtual environment as a result of COVID-19, according to EY’s latest market tracker IPO Eye. Following a quiet secon
As Scottish telecoms technology company Calnex Solutions today confirmed its £42m listing on London’s AIM market, Burness Paull's Chris Gotts, lead legal adviser on the Calnex IPO, discusses why more growing businesses in Scotland should follow suit. Traditionally businesses i
Aberdeen Standard Capital (ASC), the discretionary investment management arm of Aberdeen Standard Investments (ASI), has launched its Sustainable Managed Portfolio Service (MPS). The service will cater for a wide range of investors looking to make an impact on society and the environment throug

