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, one of the UK’s largest financial mutuals, has appointed Pamela Simmons as head of human resources.
Published 22 July 2020
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
The UK's inflation rate rose to 0.6% in June as the coronavirus lockdown restrictions began to ease.
Published 15 July 2020
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
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, Scottish Friendly’s chairman, is stepping down after 11 successful years.
Published 5 June 2020
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
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
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
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 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
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
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