Scottish Friendly

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Financial mutual Scottish Friendly has reported record sales of £46.9 million for 2021, despite significant business and economic challenges. Total sales increased from £42m in 2020 to £46.9m in 2021. Sales of Scottish Friendly’s own-brand investment ISAs increased by 17% to

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Stephen McGee has taken over as chief executive of financial mutual Scottish Friendly following regulatory approval. McGee will replace acting CEO Martin Pringle, who has temporarily been in charge of the business since the passing of Jim Galbraith in April 2021.

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Household saving is expected to fall by 71% year-on-year to an average of £26 a week in the second quarter of 2022, as inflationary pressures drastically reduce families’ ability to save. A new study by Scottish Friendly and the Centre for Economics and Business Research (Cebr) estimates

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Gross domestic product (GDP) bounced back in January 2022, increasing by 0.8% after falling by 0.2% in December 2021, according to the latest figures published by the Office for National Statistics (ONS).

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UK retail sales volumes in January exceeded pre-pandemic levels, according to the latest figures published by the Office for National Statistics (ONS).

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UK gross domestic product (GDP) is estimated to have increased by 1.0% in the final quarter of 2021, according to the latest statistics published by the Office for National Statistics  (ONS).

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The Bank of England’s Monetary Policy Committee (MPC) has voted to increased interest rates by 0.25% to 0.5%. The committee voted by a majority of 5-4 at a meeting yesterday.

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The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.

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UK consumer price inflation rose by 4.6% in the 12 months to November 2021, according to the latest figures published by the Office for National Statistics (ONS).

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Scottish Friendly Assurance Society Ltd has announced that Stephen McGee will be joining the business as chief executive officer (CEO), subject to regulatory approval, in April 2022. Mr McGee, who joined the Board of Scottish Friendly as a non-executive director in September of this year, will join

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UK interest rates will remain at their historic low of 0.1% for at least another month, the Bank of England's monetary policy committee has decided. The committee voted by 7-2 to maintain the existing base rate, despite considerable speculation that it would back an increase. Two members backed an i

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