New data has shown that the global non-life run-off market continues to grow, with estimated liabilities rising 11% to $960 billion (£822.5bn) since the beginning of 2021, according to PwC’s latest global insurance run-off survey.
As the UK confronts a highly volatile and uncertain inflationary outlook, PwC has predicted growth in Scotland will sit approximately 0.5 percentage points behind the UK average this year and, like the rest of the country, will be highly dependent on gas prices. The two possible scenarios outlined i
PwC has welcomed 80 new student recruits as they join the firm in Scotland, taking up roles at the firm’s Glasgow, Edinburgh and Aberdeen offices. Of the new intake, the majority (39) will join the office in the capital, with 35 based in Glasgow and six in Aberdeen – with 80% of the new
Store closures by multiple retail operators have stabilised to the lowest rate in over seven years but openings have yet to recover to pre-pandemic highs, suggesting retailers are exercising strict caution in the current trading environment. This is according to PwC’s latest Store Openings and
New PwC analysis has revealed that Scotland’s energy sector has a critical role to play in helping meet the emerging green energy skills gap, with the creation of green jobs related to energy transition north of the border more than one-and-a-half times the national average. The Energy Transit
PwC has announced that it is removing the 2:1 degree classification requirement for all its undergraduate and graduate roles, internships and placements. The big four firm's decision is designed to increase the socio-economic diversity of the firm and support its efforts to improve social mobility b
The Financial Reporting Council (FRC) has fined PwC £2.5 million and handed out a £60,000 fine to audit partner Richard Hughes. The verdict comes after an investigation revealed failings in PwC's 2017 audit of BT Group Plc after the discovery of £512m fraud.
Jason Morris, regional market leader at PwC Scotland, comments on the latest Office for National Statistics figures revealing that Scotland saw the biggest increase in homeworking of all UK regions between January and March this year, compared with pre-pandemic levels. The latest data from the Offic
PwC has announced that its partners will receive a record £1 million this year after reporting profits from an "exceptional year". All 995 UK partners will receive an average compensation of £920,000, a new record, up six per cent from last year's record compensation of £868,0
PwC has announced four new equity partners in Scotland, alongside eight new directors, among a total of 240 promotions across the region. The admission of Katrina Hallpike, Ross Marshall, Kenny Munro and Stuart Copeland as equity partners– all of whom were directors in the Scotland firm &ndash
Recognising the impact of the current living cost crisis and the competitive state of the recruitment market, PwC has decided to increase staff pay in line with inflation. In this pay rise, PwC's most significant in 10 years, half of all UK employees will receive a minimum salary increase of 9%.
Big Four accountancy firm PricewaterhouseCoopers (PwC) has been fined £5 million in relation to its audits of Galliford Try and Kier Group. The company was fined a total of £8,850,000, adjusted to £4,998,500, by the Financial Reporting Council (FRC) - £3,038,750 and