News

The Financial Services Ombudsman (FSO) recorded a five-year high in complaints last year, with more than 388,000 people bringing complaints, up 14 per cent on the year before. The rise was driven by an 89 per cent rise in complaints about consumer credit products and services, including payday lende

Some taxpayers in Wales have been paying the wrong rate of tax after having the Scottish tax code mistakenly applied to them, HMRC has admitted. The Welsh Rates of Income Tax (WRIT) was introduced in April 2019, three years after the introduction of the Scottish Rate of Income Tax (SRIT) in 2016.

Nationwide Building Society has been awarded £50 million from Banking Competition Remedies to increase competition in small business banking. The Co-operative Bank and Investec Bank have also been awarded £15 million each to expand in the small business market.

Brokers have been urged by insurance governance experts Mactavish to challenge insurers more over the quality of their cyber policies. At the opening of the British Insurance Brokers' Association conference in Manchester, Mactavish said its research had identified eight common flaws in cyber insuran

A taxpayer was left baffled by a letter from HMRC demanding a sum of £0.01 for the 2017/18 tax year.

Accountants and business advisors French Duncan LLP has announced plans to expand its hotels accounting team after taking on additional office space in Glasgow. The firm recently took on a third floor at its Finnieston offices, bringing its total office space to 20,000 square foot and facilitating a

Edinburgh-based venture capital firm Par Equity has led investments totalling £3.2 million in two Northern Ireland software companies, Plotbox and Datactics. The technology firms are the latest to benefit from investment led by Par Equity, which has invested more than £118 million in ove

Commercial real estate specialist Topland Group has acquired The Rutland Buildings in Edinburgh in an off-market transaction for nearly £16 million.

Glasgow-based investment house Maven Capital Partners has led an investment, alongside existing shareholders Par Equity and the Scottish Investment Bank, in Edinburgh-based Symphonic Software Limited, the identity and access management firm. The funding will be used to further scale the busines

Aberdeen Standard Investments (ASI) has launched three equity and five fixed income index tracker funds on Standard Life’s Wrap and Elevate platforms. Investing in passive funds has grown in popularity as a low-cost, diverse and reliable means of mirroring the performance of a specific index.

Aggressive accounting policies and a close relationship with KPMG was the cause of the collapse of Carillion, according to a new construction industry survey.

Scottish Edge has announced its first dual city final, taking the UK’s largest funding competition to Glasgow for the first time since its inception in 2013. University of Strathclyde’s state-of-the-art Technology and Innovation Centre (TIC) will play host to day one of the two-day Scott

The Competition and Markets Authority (CMA) has secured the disqualification of three former directors of office fit-out companies for their involvement in illegal cartel behaviour.

Law firms have seen improved profit per equity partner as they prioritise profits over fee income growth, according to a new report. The latest annual Legal Benchmarking Report from MHA Henderson Loggie in conjunction with their UK accountancy association MHA, reveals that t

Nationwide has announced that it will invest in Scaled Insights, a company that uses behavioural AI to analyse people’s speech in order to communicate with them in language that is most accessible for them. The system analyses over 130 different variables in an individual’s speech p