Scottish Friendly research has found women are more likely than men to worry about meeting everyday expenses, with financial pressures reducing their ability to save and invest for the future.
Alongside sales growth, Scottish Friendly distributed £23m to eligible members, including £4.9m through its ProfitShare scheme.
The society’s strong performance has enabled it to enhance member benefits, distributing £23.0m to eligible members, including £4.5m through its ProfitShare scheme in 2024.
The study revealed that 55% were concerned their child could not cover the cost of their first rent deposit.
The majority (62%) of outright homeowners say they are comfortable.
Scottish Friendly appoints John McGuigan as new Chair and welcomes Mai Fenton and Olive Gaughan as non-executive directors.
Scottish Friendly announces a record-breaking £51.1m in new business sales for 2023, the highest in its history.
Scottish Friendly announces a strategic collaboration with FinTech Scotland to advance fintech innovation in the life, savings, and investments sectors.
The financial strain from rising household bills has driven parents to borrow from their children's savings, according to recent research conducted by Scottish Friendly, a prominent financial mutual.
Leading financial mutual, Scottish Friendly, has announced record sales of £47.7m APE for 2022, reflecting a 2% increase from £46.9m in 2021.
Study reveals that the cost-of-living crisis is pressuring customers to consider cancelling their monthly payments, putting their cover at risk.
Scottish Friendly and The Unisure Group announced a new partnership agreement which sees Scottish Friendly become the mutual insurer for Unisure's UK Group Life division, in collaboration with the Group's existing reinsurer, Allianz.