Scottish Friendly

Scottish Friendly, Scotland’s largest financial mutual, has announced that sales of its investment ISAs reached a record high in 2020 despite it being one of the most turbulent years in the company’s 160-year history. Own-brand sales rose by 13% to £15.7 million in the year to 31 D

Nearly two in five (39%) British adults, equivalent to 20 million people, plan to save a higher share of their income after the pandemic than they did before, including 17% who plan to save significantly more.

Consumer price inflation rose to 0.7% in March from a three-month low of 0.4% in February, according to the latest figures released by the Office for National Statistics (ONS).

Tributes have been paid to Scottish Friendly's chief executive Jim Galbraith who has passed away. The Glasgow-based financial mutual issued a statement on its website yesterday which said: "It is with great sadness that today we announce the passing of Scottish Friendly’s Chief Executive Offic

The Bank of England (BoE) has held interest rates at a record low of 0.1%.  The bank met expectations at the March Monetary Policy Committee (MPC) meeting, with unanimous 9-0 votes both to keep interest rates at 0.10% and the stock of asset purchases at £895 billion.

A release of lockdown savings built up by households over the past 12 months is set to lead to an increase of more than £50bn in consumer spending this year, according to new analysis by Scottish Friendly and the Centre for Economics and Business Research (Cebr).

The UK economy was less affected by lockdown in January than some had forecast, with GDP contracting 2.9% month-on-month in January, according to the latest figures released by the Office for National Statistics (ONS). 

UK consumers are set to put away a total of £164 billion worth of savings and investments this year in a sign that coronavirus has permanently changed the nation’s savings habits.

The value of all new stocks and shares ISA policies opened by savers in Scotland in Q4 2020 fell by -14% on the previous quarter, with only the North East and the East of England registering bigger decreases, according to new data released by Scottish Friendly.

The number of new stocks and shares ISA policies opened in Q4 2020 fell marginally by -4% on Q3 as investor demand reached its lowest level since the first quarter of 2020, according to Scottish Friendly’s Investor Index.

The Bank of England (BoE) has held off from more stimulus for the UK economy, keeping the interest rate at 0.1%. At the February Monetary Policy Committee (MPC) meeting yesterday, the BoE observed that the UK economy had performed much better than had been expected in Q4 2020 when it likely grew aro

Scotland’s GDP is provisionally estimated to have fallen by 1.4% in November, as restrictions on economic activity were extended or reintroduced across large parts of the country. This is the first fall in GDP after six months of growth following the easing of the first lockdown in 2020. Outpu

Consumer price inflation rose slightly more than expected to 0.6% in December from a three-month low of 0.3% in November, according to the latest figures released by the Office for National Statistics (ONS).

Scottish Friendly has announced a new initiative to support The Mental Health Foundation over the Christmas season. The financial mutual will donate £10 to the charity for every My ISA product it sells throughout December, including junior ISAs.

National Savings & Investments (NS&I) is set to slash interest rates on its savings accounts today, in a move that many savers have been 'dreading'.