News

The Bank of England and Prudential Regulation Authority (PRA) are exploring reforms to modernise the credit union sector, focusing on driving growth, digital innovation and improving financial outcomes for members. Credit unions, which are member-owned organisations that typically focus on savings a

Workplace pension provider Cushon has called for four improvements to strengthen the UK’s climate resilience through private market investments, urging the pensions industry to include climate adaptation on the productive finance agenda. Cushon co-authored the white paper with the University o

Accountancy and business advisory firm BDO has promoted three people to partner in Scotland. The new partners are Claire Robertson, who joins the consulting, risk & outsourcing team; Ally Rolland, who joins the business restructuring team; and Craig Goold, who joins the deals team.

The Pensions sector has welcomed the Department of Work and Pension (DWP) plans to "resurrect genuine pensions for millions" of private sector workers. As part of the UK Government consultation, around 17m private sector workers now saving into a pension will be given the option of an income in reti

BlackRock Greater Europe Investment Trust is to become BlackRock European Growth & Dividend Trust and will introduce a higher dividend target, lower fees and a performance-linked tender offer, after it trailed its benchmark by 12 percentage points in the year to 31 August 2026. The decision foll

Martin Gilbert’s River Global has urged shareholders to approve its departure from the AIM market so it can become a private company, as part of plans to wind up the business once it has sold its last major asset, a 30% stake in the investment platform Parmenion. The company has been a 'cash s

Private Equity group CVC Capital Partners is establishing a base in Edinburgh, in a boost to the city’s asset management sector. Our sister website Daily Business broke the news of the new office in South Gyle will be home to 20 employees as the firm builds its presence in the city a

Jim McColl has stepped down from the board of Alba Bank which he set up to finance small and medium sized businesses. The accountant who turned Clyde Blowers into an engineering force before taking control of Ferguson Marine, created the Scottish challenger bank in 2018.

By Nicola Campbell, Partner, Azets Scotland has a strong story to tell international investors, and the evidence backs that up.

FRP Advisory has promoted Graham Smith to partner, as part of its plans to strengthen its senior restructuring advisory team in the north east of Scotland. Mr Smith joined FRP in 2013 and has worked in restructuring advice and formal insolvency appointments in the Aberdeen area since 1998. He suppor

Anderson Strathern Asset Management has made its first new senior appointment under new managing director Arlene Ewing, as she plans to grow the firm across Scotland. Jamie Daniels joins the team from Blackadders Wealth Management as senior investment director, bringing more than 20 years' experienc

The Financial Conduct Authority has published the terms of what it describes as an independent review into its handling of whistleblower Simon Andriesz, who made protected disclosures to the regulator. The review will be led by Lea Paterson, a non-executive director of the FCA and former Bank of Eng

The Association of Investment Companies (AIC) has revealed investors are worried about the negative outcomes caused by using AI, despite potentially profiting from the boom. In a survey by the AIC it found that 74% of respondents were worried about misinformation, 73% were concerned about job losses

London Stock Exchange boss Dame Julia Hoggett believes the City has made headway in its case for cutting stamp duty on shares, after the Government acknowledged that a cut would boost the market’s competitiveness. Stamp duty is currently charged at 0.5% on purchases of shares in listed compani

PwC boss says work-from-home policies have had “adverse consequences” for young people, arguing they are holding back those at the start of their careers. Chief executive Marco Amitrano told The Times that policies introduced after the pandemic had “good intentions” but had a