Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
19 December 2023
Payment and e-money providers – safeguarding audits, a timely reminderIn July 2020 the Financial Conduct Authority (FCA) finalised guidance on safeguarding customer funds, which included the requirement that payment services and electronic money institutions, whose accounts required a statutory audit, would also be required to undertake an annual audit of their compliance with the safeguarding requirements under the Payment Service Regulations 2017 (PSRs) and Electronic Money Regulations 2011 (EMRs).
18 December 2023
Topical matters for rural businesses in 2023 and looking ahead to 2024Rural businesses continue to face ongoing uncertainty over what the changing rural support schemes will deliver and how this will affect their future income. This is not aided by the Scottish Government’s recent communications relating to cuts to the Rural Affairs Budget. There continues to be a focus on sustainability and ensuring you are incorporating ESG (Environmental, Social and Governance) into the decisions you make, ensuring your business remains fit for the future.
Rob Sargent
Financial Services Regulatory Senior Manager
13 December 2023
What can Wealth Managers do to stay off the FCA’s naughty list?In early December, the Financial Conduct Authority played Scrooge to Wealth Management and Stockbroking firms in the form of its Dear CEO letter. It left no-one in doubt about some of the frustrations that the FCA has about the sector, and that it is planning to really dial up its proactive and invasive supervisory action on these firms. Here. Rob Sargent breaks this message down, and explains what it all really means for those in the Wealth Management industry.
13 December 2023
Financial Services (FS) Predictions for 2024Typically, this is a time of year when we look forward and try to predict what the new year may have in store. The current volatility in the global and domestic market makes it especially fraught to predict the future, however, our Financial Services team have taken the time to think ahead to what might lie in store for the sector in 2024.
Michael Larg
Business Advisory Manager
11 December 2023
How landowners can diversify their income through renewables projectsFor centuries, Scotland’s landscape has been managed by landowners for agricultural and sporting purposes. In recent years though, those operating within this sector have been plagued by the ever-changing and more challenging political and fiscal landscape.
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