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
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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
The Scottish business community has largely welcomed Chancellor Rishi Sunak's 'Budget for recovery' which extended the furlough scheme, froze income tax rates for five years and increased corporation tax to 25%. The Chancellor announced that the increase in corporation tax would not take effect
The UK Government must continue to be focused on ensuring the success of UK fintech, according to the newly released Kalifa Review of Fintech.
Scotland’s economy could grow by as much as 4.6% this year according to PwC's projections, as the country begins to recover from the slump created by the COVID-19 pandemic.
PwC UK has predicted that global insurance run-off liabilities will reach $864 billion in 2021. According to the firm's latest Global Insurance Run-off Survey, the growth in legacy activity predicted in the last edition of this report has materialised, boosted by significant investment in both new a
More than half (52%) of financial institutions say they expect to have more gig-based employees over the next three to five years, according to a new PwC report.