News

Hundreds of thousands of people who fell into arrears on their mortgage may be eligible for compensation, after a ruling by City regulator the Financial Conduct Authority.

The sale of a large detached residence in Bearsden for £2.42 million has set a new record for a house sale in the Glasgow area in the wake of East Dunbartonshire being named among the UK’s ‘most prosperous areas’.

Nearly seven in 10 (69 per cent) people in Scotland are unaware that over the next few years there will be increases to the minimum contributions they will have to make into their workplace pension scheme, according to the latest Scottish Widows Workplace Pensions Report.

The still 73 per cent state-owned Royal Bank of Scotland Group has become embroiled in the stand-off between Russian and the West after its subsidiary NatWest was forced to deny that it had closed the UK accounts of RT, the TV channel run by President Putin’s regime.

Unemployment in Scotland fell by 25,000 over the summer, according to the latest official figures from the Office for National Statistics.

More than a million Scottish families will see their income fall by £360 a year by 2020 as inflation rises and welfare payments such as housing benefit are frozen, the Institute for Fiscal Studies (IFS) has warned.

Only four percent of decrees and judgments relating to debt in Scotland were marked as satisfied in the third quarter of 2016, compared with 15 percent in England and Wales, according to figures from Registry Trust released today.

The average price of a property in Scotland in August 2016 was £144,561 – an increase of 4.3 per cent on the previous year and an increase of 1.3 per cent when compared to the previous month, according to the latest publication of the UK House Price Index (UK HPI) published by Registers of Scotl

UK inflation has exceeded forecasts after leaping 1 per cent in September from 0.6 per cent in August to reach its highest level for two years.

Glasgow-based Sipp and SSAS provider @Sipp has boosted its assets under management by £150 million with the acquisition of Essex firm Alfa Trustees Limited.

Confidence among the UK’s ‘second steppers’ is on the up according to Clydesdale Bank.

The Scottish Government has called on the UK Government to match its reported desire to keep the City of London and its financial sector in the European single market with a similarly bespoke agreement for Scotland.

Mike Regnier Yorkshire Building Society has announced former Lloyds and Asda boss Mike Regnier as its new chief executive.

Edinburgh-based Standard Life has been ordered by the Financial Conduct Authority (FCA) to review its handling of pension customers dating back to July 2008 amid suspicions of the mis-selling of annunities.

Prices in Scotland's but-to-let rental market have risen by 5.4 per cent in the last 12 months with Edinburgh and Lothians home to the highest rents in Scotland.