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.
Published 29 April 2021
Scottish Friendly: Nearly two in five Brits plan to save a higher share of their income after the pandemic
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.
Published 26 April 2021
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).
Published 22 April 2021
Tributes have been paid to Scottish Friendly's chief executive Jim Galbraith who has passed away.
Published 9 April 2021
The Bank of England (BoE) has held interest rates at a record low of 0.1%.
Published 19 March 2021
Scottish Friendly: Release of lockdown savings could lead to an extra £50bn of consumer spending in 2021
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).
Published 17 March 2021
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).
Published 12 March 2021
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.
Published 25 February 2021
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.
Published 22 February 2021
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.
Published 5 February 2021
The Bank of England (BoE) has held off from more stimulus for the UK economy, keeping the interest rate at 0.1%.
Published 5 February 2021
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.
Published 27 January 2021
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).
Published 20 January 2021
Scottish Friendly has announced a new initiative to support The Mental Health Foundation over the Christmas season.
Published 7 December 2020
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'.
Published 24 November 2020