New research has revealed that 44% of people with at least one child under six years old have increased their saving in the past two years. However, according to Scottish Friendly, the number reduces as the age of the child increases.
Scottish Friendly
Almost a third (31%) of Scots are putting away more money now than they were two years ago, according to Scottish Friendly. The Family Finance Tracker, conducted by the Centre for Economics and Business Research (Cebr) on behalf of Scottish Friendly, provides a comprehensive examination of the savin
Staff at Scottish Friendly in Glasgow have taken part in the 'Boycott Your Bed' challenge to raise funds for Action for Children.
Scottish Friendly’s Family Finance Tracker has revealed that nearly half (46%) of women are opting to hold their long-term savings in a savings account, instead of more tax-friendly options such as a pension or ISA wrappers, compared to 39% of men. Meanwhile, 33% of men are opting to use pensi
Over a third (36%) of UK adults would set up a Junior ISA (JISA) on behalf of their grandchild, nephew, or niece if JISA rules were relaxed, Scottish Friendly has revealed. According to findings from Scottish Friendly’s Family Finance Tracker, as rules currently stand, JISA rules prohibit anyo
Scottish savers have opened more Junior ISAs (JISAs) than the rest of the UK in the last five years, according to Scottish Friendly’s latest Investor Index.
Following on from the highest sales achieved in its 162-year history, Scottish Friendly has announced the appointment of a new chair as well as two new non-executive directors. John McGuigan, with over 25 years of executive experience, steps in as the financial mutual's new chair.
Scottish Friendly has posted record sales of £51.1 million for 2023, up from £47.7m in 2022. The increase was achieved despite facing significant market and economic challenges, and represents the highest new business sales figures in the financial mutual's 162-year history.
Financial mutual Scottish Friendly has added a guarantee at the maturity date of its Junior ISA (JISA) policy for with-profits investors, to help more UK families invest for their children’s future with some peace of mind. The JISA guarantee offers a minimum amount to be paid on maturity of th
Scottish Friendly has announced a strategic partnership with FinTech Scotland, highlighting the growing significance of further developing and improving fintech innovation across all financial services sectors, including life, savings, and investments. By joining forces with FinTech Scotland, Scotti
In a recent fundraising drive, Scottish Friendly employees participated in the Three Peaks Challenge and Boycott Your Bed, collectively raising £25,901 for Action for Children. Additional festive activities, including a Bake Sale and Christmas Jumper Day, were organised, alongside the donation
Scottish Friendly’s latest Investor Index has shown that planning for future generations has been the greater priority for parents and guardians in Scotland. The leading financial mutual’s study of its members’ investment trends, revealed that between October to December last year,
The amount invested into new stocks and shares ISA policies in Scotland has increased for the third consecutive quarter, according to new data from Scottish Friendly. New ISA policy contributions increased 16% between Q1 and Q2 of this year followed by a 2% increase in the three months to September.
Financial mutual Scottish Friendly has appointed John McGuigan onto the board as a non-executive director. Mr McGuigan has over 25 years’ experience operating at senior executive levels across a number of sectors. A customer director, he draws on a profound understanding of the changing needs
UK retail sales dropped by 0.9% in September following a rise of 0.4% in August, according to the latest figures published by the Office for National Statistics (ONS).