One of the major concerns faced by new corporations and small-scale businesses is being able to set up a bank account to start making business transactions. The key reason is that most standard banks have a ton of paperwork that business owners must go through and policies to comply with before issuing them accounts.
The Chartered Insurance Institute’s (CII) decision to appoint three directors to the Personal Finance Society’s (PFS) board in a surprise move late last month was “not an outcome the board wanted or pursued”, according to its chair Helen Phillips.