Scottish Friendly

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.

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.

The Bank of England (BoE) has held off from more stimulus for the UK economy, keeping the interest rate at 0.1%. At the February Monetary Policy Committee (MPC) meeting yesterday, the BoE observed that the UK economy had performed much better than had been expected in Q4 2020 when it likely grew aro

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. This is the first fall in GDP after six months of growth following the easing of the first lockdown in 2020. Outpu

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).

Scottish Friendly has announced a new initiative to support The Mental Health Foundation over the Christmas season. The financial mutual will donate £10 to the charity for every My ISA product it sells throughout December, including junior ISAs.

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'.

Financial mutual Scottish Friendly has announced the appointment of Susan Beckett as a non-executive director. Ms Beckett has more than 30 years’ financial services experience and will continue in her role as chief risk officer at Brewin Dolphin, where she has spent the last six years.&nb

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). 

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.

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. The latest figures show that between 2016-17 and 2017-18 the number of female ISA su

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.

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. 

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). The bank currently expects the UK's economy to shrink by 9.5% this year. While this contraction

Scottish Friendly, one of the UK’s largest financial mutuals, has appointed Pamela Simmons as head of human resources. Ms Simmons is a fellow of the Chartered Institute of Personnel and Development (CIPD) with over 25 years’ experience in HR and has worked for leading brands domestically