Scottish Friendly

Financial mutual Scottish Friendly has reported record sales of £47.7 million APE for 2022. Total sales increased from £46.9m in 2021 to £47.7m in 2022. Although sales of Scottish Friendly’s own-brand investment ISAs decreased by 22% to £14.3m, protection sales increase

Rising inflation is putting pressure on over-50s life insurance customers to carry on paying their monthly premiums, research has revealed.

Children are being left up to £41,000 poorer in adulthood because of their parents’ devotion to cash savings accounts, according to a new report from Scottish Friendly.

Scotland's Chief Statistician has released statistics revealing that the Scottish economy grew by 0.1% during the fourth quarter of 2022, covering the period from October to December.

Parents saving for their children’s future in cash could need to put away thousands of pounds extra for big-ticket items compared to investing through a typical stocks and shares Junior ISA (JISA), a new study by Scottish Friendly and the Centre for Economics and Business Research (Cebr) has f

Adults aged over 50 are struggling with the rising cost of insurance with nearly two-thirds (63%) worried about how much they are paying in premiums.

New data from financial mutual Scottish Friendly has revealed that the number of new stocks and shares ISA policies opened by adults in Scotland fell 17% year-on-year in the three months to December 2022. Sales in the run-up to Christmas were significantly lower than the previous year and the value

Financial mutual Scottish Friendly has appointed Stephen Campbell as chief operating officer. Mr Campbell has over 25 years’ experience within the financial services industry, with extensive knowledge of delivering large-scale and complex solutions to improve performance across technology and

Junior ISA investments in Scotland have soared ahead of the UK average, new data reveals. Data from Scottish Friendly’s latest Investor Index shows that the number of junior stocks and shares ISA policies opened by Scottish households in the three months to September was 27% higher than t

Real savings’ returns have plummeted to their lowest level since February 1976 due to the effects of rising inflation, new figures reveal. The study by Scottish Friendly and the Centre for Economics and Business Research (CEBR) reveals the real annual return on savings fell to -9.0% in July &n

Financial mutual Scottish Friendly has appointed Alan Rankine as its new chief financial officer (CFO). Mr Rankine is currently chief actuary at Scottish Friendly and will take up his new role from 1 January 2023. As well as becoming CFO, he will take up the position of an Executive Director of the

Mounting inflation and increased taxation will leave the average UK household without enough money to cover all of their monthly living costs from later this year, according to new research. A new study by Scottish Friendly and the Centre for Economics and Business Research (Cebr) has revealed that

Real earnings in the UK have fallen by a record 3.0%, according to the latest figures published by the Office for National Statistics (ONS). In real terms (adjusted for inflation), growth in total and regular pay fell on the year in April to June 2022 at 2.5% for total pay and 3.0% for regular pay.

The Bank of England’s Monetary Policy Committee (MPC) has announced an interest rate hike of 0.5% today in the face of rising inflation. At its meeting ending on 3 August 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.5 percentage points, to 1.75%. One member preferre

New data from financial mutual Scottish Friendly has revealed that investment activity in Scotland fell to its lowest level in nearly three years during the second quarter of 2022. The Scottish Friendly Investor Index tracks sales of adult investment ISA policies and the total value of these new pol