News

New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds stood at £560 billion at the end of 2016, £90 billion higher than at the start of 2016.

Edinburgh-based investment firm Baillie Gifford has cut the annual management fee on its £502m American fund.

Neil Lovatt Scottish Friendly, Scotland’s biggest financial mutual, has appointed Neil Lovatt to its Board as commercial director.

Andrew Hill By Andrew Hill, Partner, Knight Frank, Edinburgh

Graham Duce Aberdeen Asset Management continues to boost its distribution team with the appointment of its former multi-manager head Graham Duce as global client senior director.

Swipii staff meet Cabinet Secretary for Finance and the Constitution Derek Mackay at the company’s Glasgow headquarter Swipii, the Glasgow-based loyalty and marketing resource for small businesses, has secured a half a million pound Regional Selective Assistance grant from Scottish Enterprise, all

  The Cuprum Building, Glasgow.

Phil Grady Glasgow-based financial capability company Castlight Financial has formed a new strategic partnership with credit reporting agency Equifax to launch the first real-time affordability platform to support brokers and their clients with mortgage applications.

The UK’s high street failed to rally at the end of a dismal year of trading, figures released today by accountants BDO reveal.

Dundee-based law firm Blackadders has reported increased profits and turnover. The firm produced revenue of £11.7 million in the year to March 2016, an increase of 14.3 per cent. Profits for the year before member remuneration and profit share increased by 14.8 per cent to £3m, a small increase on

A former bank manager is to stand trial accused of aiding an alleged £112,400 customer account fraud resulting from a criminal scam.

Jamie Grant - Head of Corporate Banking for Barclays Scotland & Northern Ireland. Barclays has launched a mobile business lending service capable of providing instant loans to businesses.

Chris Cowan Banking industry veteran Chris Cowan is returning to Royal Bank of Scotland’s Adam & Company subsidiary.

Peter Dean Glasgow-based Carrington Dean Group has become the first full service debt advice and solutions business in Scotland to receive Financial Conduct Authority (FCA) authorisation, capping a year of major developments that included an acquisition and establishing a not-for-profit organisation

A surge in demand for Edinburgh townhouse office to residential conversions is being driven by soaring residential prices within Edinburgh’s West End and New Town because of a rise in the number of cash buyers in the market and, post-Brexit vote, an influx of foreign capital due to the fall in th