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Karina McTeague given key position at new City financial watchdog
Former Halifax Bank of Scotland risk specialist Karina McTeague has been hired by one of the new City regulators to oversee its supervision of the UK’s retail banks. The Financial Conduct Authority...
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Church of Scotland pension fund appoints bond specialist to board
The Church of Scotland Pension Fund has appointed a high-ranking bond specialist at one of the nation’s largest fund managers as its vice chairman. Graeme Caughey, head of government bonds and global...
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Kirk care staff caught up in zero-hours contracts row
The Church of Scotland’s social care arm is employing hundreds of staff on controversial zero-hours contracts. More than 500 Crossreach staff are currently on the terms – which guarantee neither work...
View ArticleKirk ‘mocks its own ethos’ on pensions
The Church of Scotland was last night under pressure to avoid a clash with unions after being accused of forcing its staff to accept a drastic pensions cut. Unite said that imposing a new pension plan...
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Church of England consortium offers cash for RBS branches
A Church of England-backed consortium bidding to take over 315 Royal Bank of Scotland branches has offered to pay cash if the bank decides not to float the business on the stock market. RBS is sifting...
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Church organists could become endangered species after tax shake-up, clergy warn
Traditional church organists are becoming an endangered species in some areas after new tax rules heaped extra red tape on small rural parishes, clergy have warned. It follows a major shake-up in...
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Cardinal O’Brien ‘bought a jet ski for priest’s birthday’
Cardinal Keith O’Brien, the disgraced Archbishop of St Andrews and Edinburgh, is facing an investigation into financial mismanagement in his former diocese after a former priest claimed that he had...
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Anger as Glasgow Cathedral plans sale of gift left by tycoon
He was one of a generation of mercantile philanthropists who were said to have enriched Glasgow with generous bequests to the community. Now a descendent of whisky magnate Charles Hepburn has...
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Glasgow Cathedral’s royal carpet fetches £79k
A 17th century Safavid carpet that was controversially put up for auction by Glasgow Cathedral has sold for more than five times its estimated price. Buyers from around the world bid for the textile,...
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Church of England Commissioners buy Scottish land to become largest private...
The Church Commissioners for England have announced the purchase of a forestry portfolio from UPM Tilhill for £49 million. The purchase means the Commissioners are the largest private commercial...
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