Scottish Friendly

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

Nearly half (47%) of all grandparents investing for their grandchildren have increased their contributions over the last 12 months, new research from Scottish Friendly reveals. The increased levels of investment have been sparked by the onset of the COVID-19 pandemic and grandparents' desire to help

The Bank of England (BoE) has forecast that annual inflation would likely surpass 3% for a "temporary period". Yesterday, the bank announced the revised forecast at its monthly Monetary Policy Committee meeting where it also decided to hold the UK base rate at 0.1%.

More than a third of parents (34%) are using current accounts that pay almost zero interest to save for their children’s future, new research from financial mutual Scottish Friendly has revealed.

UK retail sales volumes rose 9.2% month-on-month in April, according to the latest figures published by the Office for National Statistics (ONS).

Consumer price inflation more than doubled in April to a 13-month high of 1.5%, according to the latest figures released by the Office for National Statistics (ONS).