News

The number of outstanding mortgages extended under interest-only terms has fallen by almost one third over the past four years, research from the Council of Mortgage Lenders (CML) has revealed. The number of outstanding interest-only loans dropped from around 3.2m in 2012, to 2.2m last year – a de

Complaints over ‘package bank accounts’ that charge a monthly fee for ‘added benefits’ such as travel insurance – have more than doubled in the past year. The Financial Ombudsman Service reviewed over 44,000 cases in the past year – double the number of cases looked at in the previous ye

Howard Archer In April homebuyers paid the lowest interest rates ever to be seen on their mortgages, the Bank of England has reported.

Frank Field MP Two key advisers on the BHS sale to Retail Acquisitions have been asked to reveal their fees.

Aberdeen Asset Management have awarded financial support to a café offering friendship and support alongside coffee and cake to those suffering from dementia, as part of this week’s Dementia Awareness Week. Alzheimer Scotland’s dementia café in Aberdeen – hailed as a lifeline to sufferers an

Fiona Hodgson Chartered Accountant Fiona Hodgson has been appointed as the new chief executive of the Scottish and Northern Ireland Plumbing Employers’ Federation (SNIPEF).

Shirley McIntosh By Shirley McIntosh, tax partner at RSM.

A man fined for speeding by 9mph has decided to vent his frustration over the ticket by paying the fine entirely in pennies. Brett Sanders from Texas called the charge “extortion” and said he wanted to make the government work for the money.

Kevin Engel Business confidence levels in Scotland have fallen into negative territory for the first time in almost a year, making them among the lowest in the UK according to the latest ICAEW/Grant Thornton UK BCM.

Barry Benjamin Wealth management is one of the least tech-literate sectors of the financial services industry, and is falling well behind other industries, a report published today by PwC finds.

Amanda Frazer Four in five Scottish small firms are against plans to introduce a so-called ‘tourist bed tax’, according to a Federation of Small Businesses (FSB) poll.

Jordan Stodart By Jordan Stodart, chief marketing officer, with Orca Money.

Tim Tookey Alliance Trust Savings has appointed Tim Tookey as chair of the Alliance Trust Savings Board.

Murray Mackay ICAS has announced its first ever Principal Partnership with Investec Wealth & Investment as part of a new approach to partnerships.