Scottish Friendly warns of inflation uncertainty after unveiling record numbers
Scottish Friendly has reported record annual sales despite “significant” business and economic challenges but warned the backdrop remains uncertain.
The latest results are the strongest in the Glasgow-based mutual’s 160-year history as well as being the first following the passing of former chief executive Jim Galbraith in April last year.
Sales of Scottish Friendly’s own-brand investment ISAs rose by 17 per cent to £18.4 million in 2021 and sales of its protection products via partners increased by 22 per cent to £21.9m.
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