Scottish Friendly

UK economic downturn ‘less severe’ than expected but recovery will be slower, says BoE

The UK economic decline caused by the coronavirus pandemic will be less severe than first anticipated, however, recovery will also take longer, according to the latest data from the Bank of England (BoE).

Published 6 August 2020

Scottish Friendly appoints Pamela Simmons as new head of HR

Scottish Friendly, one of the UK’s largest financial mutuals, has appointed Pamela Simmons as head of human resources.

Published 22 July 2020

Scottish Friendly hails investing boom among those in their 20s and 30s

The number of people in their 20s and early 30s choosing to invest in the stock market is skyrocketing, analysis of official HMRC data by Scottish Friendly found.

Published 16 July 2020

Consumer price inflation rises to 0.6% in June as lockdown eased

The UK's inflation rate rose to 0.6% in June as the coronavirus lockdown restrictions began to ease.

Published 15 July 2020

Scottish business broadly welcomes chancellors 'tax less, spend more' statement

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.

Published 9 July 2020

ONS: UK inflation rate falls to four-year low

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.

Published 17 June 2020

Michael Walker stands down as chairman of Scottish Friendly

Michael Walker, Scottish Friendly’s chairman, is stepping down after 11 successful years.

Published 5 June 2020

Scottish Friendly reports record sales from savings and investments

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.

Published 28 May 2020

UK inflation rate drops to lowest rate since 2016

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.

Published 20 May 2020

Scottish Friendly: Millions of savers are relying on rainy-day funds to cope with impact of coronavirus

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.

Published 18 May 2020

UK headed for deepest recession on record, warns Bank of England

The Bank of England has warned that the coronavirus pandemic will force the UK economy towards its deepest recession on record.

Published 7 May 2020

Scottish Friendly: Brits save almost £120bn in ISAs

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.

Published 5 May 2020

Consumer Price Inflation drops to 1.5% in March

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.

Published 22 April 2020

Scottish Friendly: Surprise fall in ISA subscriptions among women is a warning to the industry

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. 

Published 9 March 2020

Bank of England holds interest rate

Despite anticipations of a rate cut, the Bank of England has not cut its interest rates, holding the rate at 0.75%.

Published 30 January 2020