Scottish Friendly

The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 7.9% in the 12 months to May 2022, up from 7.8% in April, according to the latest figures published by the Office for National Statistics (ONS).

The Bank of England (BoE) has raised interest rates again, from 1% to 1.25%, as it attempts to fight rising inflation. The bank’s Monetary Policy Committee (MPC) by a majority of 6-3, voted to increase the bank rate by 0.25 percentage points.

Gross domestic product (GDP) fell by 0.3% in April 2022, after a decline of 0.1% in March 2022, according to the latest figures published by the Office for National Statistics (ONS).

Financial mutual Scottish Friendly has today warned the cost-of-living crisis is officially restricting UK households’ ability to save and invest. Latest ISA data from the Office for National Statistics (ONS) shows declining ISA subscriptions in 2020/2021, a trend reflected in Scottish Friendl

New data from Scottish Friendly has indicated that households are having to pare back on saving and investing as they look to cover other areas of essential spending in the first three months of 2022. The Scottish Friendly Investor Index tracks sales of adult investment ISA policies and the total va

Financial mutual Scottish Friendly has reported record sales of £46.9 million for 2021, despite significant business and economic challenges. Total sales increased from £42m in 2020 to £46.9m in 2021. Sales of Scottish Friendly’s own-brand investment ISAs increased by 17% to

Stephen McGee has taken over as chief executive of financial mutual Scottish Friendly following regulatory approval. McGee will replace acting CEO Martin Pringle, who has temporarily been in charge of the business since the passing of Jim Galbraith in April 2021.

Household saving is expected to fall by 71% year-on-year to an average of £26 a week in the second quarter of 2022, as inflationary pressures drastically reduce families’ ability to save. A new study by Scottish Friendly and the Centre for Economics and Business Research (Cebr) estimates

Inflation in the UK has hit a new thirty-year high, with prices rising by 6.2% in the 12 months to February, according to new figures published by the Office for National Statistics (ONS).

New data from financial mutual Scottish Friendly has revealed investment by female customers into newly opened stocks and shares ISA policies reached its highest than in any quarter since the start of the global pandemic. The Scottish Friendly Investor Index tracks sales of adult investment ISA poli

Gross domestic product (GDP) bounced back in January 2022, increasing by 0.8% after falling by 0.2% in December 2021, according to the latest figures published by the Office for National Statistics (ONS).

UK retail sales volumes in January exceeded pre-pandemic levels, according to the latest figures published by the Office for National Statistics (ONS).

UK gross domestic product (GDP) is estimated to have increased by 1.0% in the final quarter of 2021, according to the latest statistics published by the Office for National Statistics  (ONS).

The Bank of England’s Monetary Policy Committee (MPC) has voted to increased interest rates by 0.25% to 0.5%. The committee voted by a majority of 5-4 at a meeting yesterday.

The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.