Scottish Friendly

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

Scottish Friendly appoints Susan Beckett as non-executive director

Financial mutual Scottish Friendly has announced the appointment of Susan Beckett as a non-executive director.

Published 6 November 2020

End of Eat Out To Help Out scheme prompts inflation rise

Consumer price inflation rose back up to 0.5% in September having fallen to 0.2% in August from 1.0% in July, according to the latest figures from the Office for National Statistics (ONS). 

Published 22 October 2020

Scottish Friendly: Savers rush to invest in stocks and shares ISAs as sales bounce back

Investment in stocks and shares ISAs surged in the second quarter of 2020 increasing by a staggering +71% in the three months to June, according to Scottish Friendly’s New Investor Index.

Published 21 October 2020

Scottish Friendly: Female ISA subscriptions continue to fall sharply

The number of female ISA subscribers is continuing to fall sharply despite a surge in the number of younger women investing into stocks and shares ISAs, analysis of official HMRC data by Scottish Friendly has found.

Published 1 October 2020

Scottish Friendly: Grandparents could boost savings by 30% if they invest in the stock market

Grandparents setting aside money for their grandchildren could boost their savings pots by up to 30% if they chose to invest their money in the stock market, according to new figures from Scottish Friendly.

Published 11 September 2020

Scottish Friendly and Bank of Scotland Foundation directors win at Director of the Year Awards

Jim Galbraith, director of Scottish Friendly, and Sarah Deas, non-executive director of Bank of Scotland Foundation Wellbeing Economy Alliance (Scotland), have won top accolades at the IoD Scotland Director of the Year Awards. 

Published 9 September 2020

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