Scottish Friendly

In yesterday's summer economic statement, chancellor Rishi Sunak announced a number of measures aimed at supporting the UK economy in the wake of the coronavirus pandemic, such measures include a temporary 5% VAT cut for the food and hospitality industry. The cut marks a significant reduction from t

The UK's inflation rate has hit a four-year low as the coronavirus lockdown restrictions pushed the rate down to 0.5% in May.

Michael Walker, Scottish Friendly’s chairman, is stepping down after 11 successful years. Mr Walker was appointed chairman in January 2009 in the aftermath of the global financial crisis and has overseen the business’s dramatic growth and innovation in the years since. 

Scottish Friendly, Scotland’s largest financial mutual, has today announced record sales of Investment ISAs (also known as Stocks and Shares ISAs) following another strong financial performance in 2019. During a period of sustained market uncertainty, Scottish Friendly 

The UK's inflation rate dropped last month to its lowest level since August 2016 as the economic fallout of the first month of the lockdown hit prices.

Analysis by 3Gem Research & Insights on behalf of Scottish Friendly has revealed that 45% of savers in Britain expect to draw money out of savings and investments to cope with the impact coronavirus is having on their household finances. The most likely place they will look to source cash from i

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,