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9am Lowdown: Growth returns to Scottish economy

11th May 2015
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This morning's headlines includes growth return to the Scottish economy, KPMG's new head of enterprise and a surprise for an IFA. 

Growth returns to Scottish economy 

The BBC said according to a survey of Scottish purchasing managers, economic slowdown in the first quarter of 2015 is gradually being reversed, 

The Bank of Scotland said employment and new business increased in April and there was marginal growth in business activity for service sector companies.

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KPMG's news head of enterprise  

KPMG has appointed Tim Rush as managing director of enterprise. He has over 20 years' experience working with small start-ups to mid-market and private equity-backed companies. 

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IFA receives £10m commission surprise in error 

2Plan wealth management received an unexpected 200,000% increase in a fee payment from a provider following an accounting error, Professional Advisor said.

Friends Life paid the firm £10m last month when it owed the firm about £5,000 in 'normal fee income'.

When 2plan raised the accounting error with Friends Life, it appeared the provider was unaware. 


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