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
Scottish Friendly
Inflation in the UK has hit a new thirty-year high, with prices rising by 6.2% in the 12 months to February, according to new figures published by the Office for National Statistics (ONS).
New data from financial mutual Scottish Friendly has revealed investment by female customers into newly opened stocks and shares ISA policies reached its highest than in any quarter since the start of the global pandemic. The Scottish Friendly Investor Index tracks sales of adult investment ISA poli
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).
UK retail sales volumes in January exceeded pre-pandemic levels, according to the latest figures published by the Office for National Statistics (ONS).
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).
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.
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.
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).
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
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
Financial mutual Scottish Friendly has appointed Stephen Percival as its new interim finance director. Mr Percival is the former chief financial officer (CFO) at Standard Life and has nearly 25 years’ experience working in regulated insurance companies.
Financial mutual Scottish Friendly has announced the appointment of Mark Laidlaw and Stephen McGee as non-executive directors. Mr Laidlaw and Mr McGee bring with them over 40 years’ worth of industry experience across pensions, investments and protection, many of which have been spent at a sen
Scotland’s onshore GDP grew by 0.9% in June, according to statistics announced by Scotland's chief statistician.
The cost of living in the UK could be “significantly” higher by the end of 2021 as inflation continues to rise while remedies remain unlikely, according to Kevin Brown, a spokesman for Scottish Friendly. According to Mr Brown, prices for consumers are expected to keep rising “sharp