Pwc

The financial services industry is in the midst of a significant transformation in electronic payments accelerated by the COVID-19 pandemic, according to a new report by PwC. Payments are increasingly becoming cashless, and the industry’s role in fostering inclusion has become a significant pr

Staff at Big Four accountancy firm EY will be allowed to work from home for at least two days per week after all coronavirus restrictions are eased. Yesterday, EY told UK employees that 17,000 staff would shift to a “hybrid working model” that mixed home and office working once social-di

PwC's Strategy& has published a new report urging banks to assess their strategies in the context of Environmental, Social and Governance (ESG). The report, 'ESG and Banking: A chance to rethink strategy, states that while there are already several purpose-driven banking organisations, like buil

The COVID-19 pandemic is making it harder for people living in Scotland to achieve better opportunities in life, according to new research by PwC, which suggests government and businesses must take radical action to avoid furthering inequalities in society. As Westminster and Holyrood Governments pl

PwC has named Fraser Wilson as head of financial services in Scotland, as the firm continues to build its presence in an industry worth £13 billion to the Scottish economy. A Glasgow-based partner, Mr Wilson replaces Allan McGrath, who has led the financial services practice over the last two

The Financial Conduct Authority (FCA) has launched a consultation on potential reforms to the UK Markets in Financial Instruments Directive (MiFID). Alongside the Treasury, the regulator is considering reforms to capital markets looking at changes to the UK’s regulatory regime to ensure t

Almost half of Scots believe increased flexibility will become transformative to the way they work over the next three to five years, according to PwC’s Upskilling Hopes and Fears 2021 survey.

The Financial Conduct Authority (FCA) has launched its second consultation on introducing the UK Investment Firm Prudential Regime (IFPR) for FCA prudentially-regulated investment firms. The IFPR introduces a new prudential regime for MiFID investment firms regulated by the FCA. It will create a sin

The UK is leading the way across Europe in preparing for the adoption of an interbank digital currency, and is fifth in the world. However, a consumer offer remains some way off, according to new analysis by PwC.

Glasgow-based vegan subscription business TheVeganKind has raised £3.5 million in Series A Capital funding after being advised by PwC. Husband and wife co-founders, Scott and Karris McCulloch launched TheVeganKind subscription delivery box service in 2013 after identifying challenges associate

Financial institutions are spending, on average, 14% of annual operating costs on change management functions in order to drive greater productivity gains, a new PwC study has shown.

Following extensive consultation with employees, Big Four audit firm PwC has announced a deal to allow its 22,000 employees greater flexibility for post-pandemic working. The firm has said employees will be given more freedom to decide the most effective working pattern on any given day - for e

Almost £4 billion would be added to Scotland’s economy by levelling-up female workforce participation to match the highest performing region of the UK, according to the latest PwC Women in Work Index. 

More than 1,200 chain stores closed in Scotland in 2020 with just 612 openings, continuing a trend that has developed across high streets in recent years, leading to 14% fewer stores compared to 2016 as shoppers migrate to online shopping.

The UK is a more important growth prospect to global CEOs now than it was pre-Brexit, according to PwC’s 24th Annual CEO Survey. The survey of more than 5,000 CEOs globally, carried out in January this year, reveals that 11% of global CEOs selected the UK as a top 3 growth target, up from 9% i