News

Around 42% of Britons are expecting their standard of living to worsen when they retire according to new research by Standard Life. The pension provider found that 63% are worried they have not saved enough for retirement while 45% expect their standard of living to be worse in retirement thatn thei

Scottish businesses have already borrowed up to £240m under the British Business Bank's Growth Guarantee Scheme, as it expands funding to include companies with a turnover of up to £54m, up from £45m. In Scotland, 1,523 businesses have already benefited, with as much as £

The chief executive of banking software supplier SBS says AI agents capable of making live decisions will be available to its UK building society clients by next summer, but warns that institutions’ willingness to hand over control will move more slowly than the technology. Eric Bierry said SB

Closed-end funds are almost absent from the portfolios that UK advisers build for clients, according to new Morningstar research.  The category that includes investment trusts, account for only 0.4% of average holdings in on-platform managed portfolios, while open-ended funds make up 91%.

McHardy Private Wealth is acquiring Thorntons Wealth and is close to buying two more Scottish businesses, it has been revealed. Managing partner Andy Kerr told Daily Business it was expected to expand into Glasgow early in the new year, followed by a deal in the north east in the spring.

A former investment director at the Scottish National Investment Bank has launched an advisory and consulting firm to help “ambitious” UK and European businesses raise funding. Hedley Ventures, founded by Thomas Hudson, will offer start-ups and scale-ups fundraising expertise and "CFO-le

Isio has opened an office in Edinburgh after securing more than 50 new clients in the past two years. The pensions, wealth and employee benefits firms has grown its workforce in Scotland from 30 staff to 160 since it launched in 2020. Its team are now split equally between Edinburgh and Glasgow.

Dentons has poached restructuring partner Kevin Heverin from Baker McKenzie to strengthen its restructuring and insolvency practice in the UK. Mr Heverin will work across Dentons' London and Scottish offices, spending regular time with colleagues and clients in Scotland - where he has his family hom

The board of Scottish Oriental Smaller Companies Trust is weighing “a number of proposals” as part of a strategic review of its future, after shelving a conditional tender offer triggered by its failure to beat its benchmark over the five years period. Investec Bank has been appointed to

Sandy Begbie has said he is “humbled” to have been recognised with an honorary degree from Abertay University for his contribution to business. The outgoing chief executive of Scottish Financial Enterprise (SFE) admitted he “couldn’t have imagined” receiving an honorary

Inception to pre-seed venture capital firm Techstart Ventures has launched a new weekly "pressure test" for founders to test unproven ideas. Robert Gelb, one of the pre-seed investors working at Techstart Ventures explained there were three propositions venture capitals don't invest in  at the

Wealthier families may be missing an opportunity to support younger generations earlier in life, according to new research from Handelsbanken Wealth. The study suggests a disconnect between how families currently give and how they might use their wealth to benefit the younger generation while taking

Schroder Income Growth Fund has reported a net asset value (NAV) total return of 19% and a share price total return of 23%, compared with 21.3% for its benchmark, the FTSE All-Share Total Return Index, as it recorded its 31st consecutive year of dividend growth. Outgoing chairman Ewen Cameron Watt h

Professional services and accounting firm Wbg has relocated its East Kilbride office to Eurocentral. The move to Maxim 1, Maxim Park, comes on the back of the firm’s own growth within Lanarkshire, necessitating larger and more accessible accommodation to service the requirements of its staff a

FinTech Scotland has appointed CienDos founder Jules Salmond and Scottish Equity Partners' Andrew Davidson to its board. The appointments of Salmond and Davidsons is hoped to give the board a more active role, including in shaping strategy, focused on ensuring the board can provide input aligned wit