Scottish Friendly

The Bank of England has warned that the coronavirus pandemic will force the UK economy towards its deepest recession on record. The bank has revealed that the economy was on course to shrink 14% this year, based on the lockdown being relaxed in June.

British savers have accrued a staggering £119 billion in ISAs in the past 21 years that has been directed towards buying a home, new research from Scottish Friendly has revealed.

Consumer Price Inflation dropped to 1.5% in March marking a decrease from 1.7% in February this year, according to the latest Office for National Statistics (ONS) Consumer Prices Index.

A sharp drop in the number of women opening ISAs in the UK is a major wake-up call for the industry, according to Jill Mackay, savings and investment specialist at Scottish Friendly.  Analysis by the Centre for Economics and Business Research on behalf of Scottish Friendly found the number of f

Despite anticipations of a rate cut, the Bank of England has not cut its interest rates, holding the rate at 0.75%. The bank announced today that its Monetary Policy Committee has voted by a majority of 7-2 to maintain the rate.

Retail sales over the two months of November and December, outside of the Black Friday distortions, decreased by 0.9% according to the Scottish Retail Consortium (SRC) - KPMG Scottish Retail Sales Monitor.

Scottish Friendly has appointed Scott McNeill as head of finance and insurance risk. Mr McNeill has over 11 years’ experience in financial services, across risk and capital management.

UK shoppers plan to increase their spending on Black Friday this year despite being more cautious than 12 months ago, new research from Scottish Friendly has revealed. Further still, more than half (51%) of consumers don’t believe that buying discounted Black Friday items makes you better off

Scottish Friendly has announced a "substantial" acquisition of life and pensions policies from Canada Life, increasing the financial mutual's assets under management by £2.4 billion to over £5bn. The completed deal increases Scottish Friendly's number of members by 127,000 to around 700,

Scottish Friendly has announced that it has hired Kirsty Polley as the new head of client services. Kirsty Polley has over 15 years’ experience in financial services, across wealth management and business process outsourcing.

Scottish Friendly, Scotland’s largest financial mutual, has appointed Genevieve Humphreys as its new chief risk officer. With over 20 years’ experience working in the financial services industry, Ms Humphreys has joined the Scottish Friendly team.

https://www.youtube.com/watch?v=4kxLQb11DEs&feature=youtu.be Scots have been accused of "investophobia" by financial mutual Scottish Friendly following a survey which revealed that many people in Scotland remain reluctant to invest their money.