News

Chancellor John Healey faces a £3.5bn borrowing overshoot in August ahead of his inaugural Budget. The government was expected to borrow around £14.8bn in August, according to the OBR, while the market consensus was around £15.6bn. Actual borrowing reached £18.3bn.

City bosses have called on ministers to simplify Britain's "byzantine" tax system, as it raised concerns over a potential tax grab on financial services. Fear is growing within the private sector that Chancellor John Healey is planning to use his inaugural Budget next month to launch another raid.

Almost half (47%) of Scottish adults who do not own their own home believe they will never be able to, according to a new report from specialist lender Pepper Money. The findings highlight the barriers facing aspiring homeowners in Scotland, particularly those who are self-employed, have variable in

Aberdeen Investments has appointed Caroline Hertrich as head of UK & EMEA  (Europe, Middle East and Africa) Exchange Traded Funds (ETF) strategy, to support the growth of the firm’s ETF franchise across the UK and EMEA. Hertrich joins from Bloomberg, where she served as Index Sales Le

J3 Advisory has appointed Evan Griffin as managing director of debt advisory, to strengthen its finance capabilities for developers and investors in Scotland. Griffin joins from Pluto Finance, where he was lending director. He brings more than 20 years’ experience in banking and property finan

First Minister John Swinney will deliver the keynote address at the largest-ever Scottish Financial Services Awards next month, as leaders from across Scotland’s financial and professional services industry gather for the event. The Scottish Financial Services Awards, sponsored by EY, will tak

Dains has launched its brand in Scotland at an event for clients and professional connections, formally presenting the group's Scottish business under a single name for the first time. Group chief executive Richard McNeilly praised the Glasgow team at the launch, saying it is the fastest growing bus

Uinsure has claimed to have launched the UK's first home insurance monitoring service, which allows customers to compare their current policy against live quotes. Customers will be able to compare their policy against Uinsure's panel of seven UK insurers several times a year, instead of just at rene

Aon and accountancy and business advisory firm Saffery have brought in 20 graduates and trainees between them across Scotland as part of an investment in early careers. The global professional services firm recruited four graduates to its Scottish offices as part of its Early Careers programme.

Baillie Gifford has partnered with Essentia Analytics to develop, a new offering called Essentia Data-Out (EDO), which will deliver Essentia's "behavioral intelligence directly into an asset manager’s own data and AI environment.” The investment manager is a founding partner in Essentia'

Scotland's financial services sector has hit a "tipping point" on tax divergence, according to Sandy Begbie, chief executive of Scottish Financial Enterprise stating hybrid working has removed the practical need for new recruits to live in Scotland at all. "We believe we've now got to a point at a t

  Parents have squirreled away £2.5bn into junior ISA, with almost two-thirds £1.55bn of new money now being invested into stocks and shares in 2024/25, despite £1.9bn of child trust funds going unclaimed, according to new HMRC data.

Four ICAS Foundation students are set to return to Johnston Carmichael as graduate trainees. The foundation was set-up to help talented young people from diverse socio-economic backgrounds into the profession, as part of its scheme it partnered with the accountancy firm.

Shareholders in abrdn Property Income Trust are still waiting for the company to sell its 3.6-acre estate in the Cairngorms, Far Ralia, to finally wind down the company. Aberdeen Investments acquired the estate in 2021 for £7.5m to offset its corporate investment fund's residual carbon emissio

A financial planner has claimed the profession is struggling to attract younger earners and people who earn a lot but are not yet rich. Sam Patterson, head of proposition at Equilibrium Financial Planning, discussed the challenge the profession faces in attracting HENRYs, high earners, not rich yet,