Scottish Friendly



Scottish Friendly posts strong results despite turbulent year

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

UK consumer price inflation up to 0.7% in March

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 paid to Scottish Friendly chief executive Jim Galbraith

Tributes have been paid to Scottish Friendly's chief executive Jim Galbraith who has passed away.

Published 9 April 2021

Bank of England holds interest rate at record low 0.1%

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

UK economy 'less affected' by lockdown as GDP declined just 2.9% in January

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

Consumers set to save £164bn this year as COVID-19 changes savings habits

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

Stocks and shares investment in Scotland slumps by 14% in the final quarter of 2020

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

Scottish Friendly: Stocks and shares investment falls marginally in Q4 2020 as demand levels off

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

Bank of England maintains interest rate at 0.1%

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 fell by 1.4% in November

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

UK consumer price inflation increased to 0.6% in December

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 backs mental health charity over Christmas season

Scottish Friendly has announced a new initiative to support The Mental Health Foundation over the Christmas season.

Published 7 December 2020

NS&I slashes rates on bonds and savings products

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