News

The Financial Conduct Authority (FCA) has fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities. Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on selling annuities directly

Law firm Burges Salmon has appointed Stuart McMillan as a partner in its banking team in Edinburgh. Prior to joining Burges Salmon, Mr McMillan was a partner at DLA Piper in Scotland, based in its Edinburgh office. He advises a wide range of banks and borrowers in project finance (including PFI/PPP

The Financial Reporting Council (FRC) has strengthened its Going Concern audit standard. The FRC revised its Going Concern standard in response to recent enforcement cases and well-publicised corporate failures where the auditor’s report failed to highlight concerns about the prospects of enti

The owner of the Old Course Hotel in St Andrews has suffered from a fall in revenues of over 13%.

The Financial Reporting Council (FRC) has today initiated an investigation into the audit conducted by EY of the financial statements of Thomas Cook Group Plc for the year ended 20 September 2018.

Glasgow-based IFA McCrea Financial Services has confirmed its renewed sponsorship of Glasgow Warriors.

The Financial Conduct Authority (FCA) has confirmed new rules which apply to certain types of open-ended fund investing in inherently illiquid assets such as property. The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UC

The 2018 Fish Farm Production Statistics have revealed that the total number of staff employed in marine salmon production in Scotland increased by 77 (5.5%) to 1,466 people.

Aberdeen-based Shepherd and Wedderburn has appointed George Stevenson as its new private client specialist. Mr Stevenson will bring over 40 years' of experience and expertise across the spectrum of personal legal and tax matters to the firm and its clients.

Highlands and Islands Enterprise (HIE) announces that businesses looking to develop their use of digital technology and innovation are set to benefit from a new £465,000 support programme. The investment was announced at a digital collaboration event to launch the refreshed #hellodigital facil

Research conducted by Brewin Dolphin has revealed that charities are not confident that funding levels will allow them to meet their objectives.

Real estate services firm Cushman & Wakefield is continuing its expansion in Scotland with the signing of three new recruits. (from left) Callum Napier, Kyle Stuart and Cameron Lineen

Visa has launched an online portal giving fintechs access to its technologies and network. With the launching of the service, Visa said that fintechs can now easily access the right technologies, network and partners to grow their businesses with Visa.

HSBC has launched a trade finance API which allows partner financial organisations and their clients observe the status of their bank guarantees in real-time, from their own platforms. The bank guarantee API is now being tested by ING and Standard Bank and it will allow partners to create their own

A man has spent £30,000 of his children's inheritance fighting a £100 speeding fine.