OneFamily Press Releases

Press releases and research from OneFamily. The information on these pages is intended for journalists. If you’re not a journalist, visit Talking Finance for the latest articles on family, finance and wellbeing.

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Emma Banks – Head of Corporate Communications
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01273 061447 / 07894 158605

Laura Barban – PR Executive
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01273 061377

£8.5 billion inheritance skipping a generation every year

07 Aug 2019

New research by financial services provider OneFamily has revealed an estimated £8.5 billion of inheritance wealth is now skipping a generation each year, as older relatives recognise the youngest family members are more in need of support.

OneFamily appoints Miles Bingham as Distribution Director

23 Jul 2019

OneFamily has appointed Miles Bingham as Distribution Director.
In the new role Miles will oversee the distribution of OneFamily’s Lifetime Mortgages and Over 50s Life Cover through intermediaries, in addition to managing strategic partnerships.

Sharing the wealth: Average gift to family with a lifetime mortgage is up by nearly £25,000 compared to last year

08 Jul 2019

OneFamily data shows that homeowners using a lifetime mortgage to support their loved ones financially are releasing over £110,000, up a quarter (28%) compared to 2018, when it was just over £85,000. Loans taken out to gift money to family are now the largest of all.

Teenagers add £1.7 billion to UK economy each year

03 Jul 2019

Teenagers are adding £1.7 billion to the UK economy as they spend their earnings and pocket money.

This is according to the Teenage Finance Report from financial services providers OneFamily, which investigates teens’ attitudes towards money. The report reveals that the average teenager spends £54 a week, ranging from £13 at age 13 to £68 at age 19 – the equivalent of 60 per cent of their income. The remaining 40 per cent is mainly saved on a short-term basis to pay for more expensive items or holiday spending money.

OneFamily appoints Donna Johnson to strengthen adviser support

25 Jun 2019

OneFamily has appointed Donna Johnson as a Business Development Manager in its adviser sales team.

OneFamily bolsters lifetime mortgage support teams

17 Jun 2019

OneFamily has increased its lifetime mortgage support teams with two new underwriters and three mortgage processors.

The inheritance divide: 3.5 million over 65s feel guilty about spending money

12 Jun 2019

Three in 10 (29%) over 65s worry about spending money on themselves because they have their family’s inheritance on their mind – the equivalent of 3.5 million[i] people across the UK.[i] According to the latest ONS population data (November 2018), 18.2% of the population were recorded as being 65 years or older, which is 12,012,000 people. 29 per cent of over 65s worry about spending money on themselves’ as they have their family’s inheritance on their mind – the equivalent of 3,483,479.

One in four downsizers get less than they bargained for

22 May 2019

One in four (24%) downsizers ended up with less money than they expected when selling their property, with legal fees, stamp duty, moving and renovation costs eating into their profit.

Millions of pounds sitting in untouched government allocated child trust funds

14 May 2019

Millions of pounds are sitting in untouched child trust funds that were set up by the government on behalf of parents for children born as long as 17 years ago.

OneFamily urges the government to remove the transfer limit for Help to Buy ISA customers who want to move their savings into the Lifetime ISA

13 May 2019

OneFamily is urging the government to remove the £4,000 transfer limit for customers who want to replace their Help to Buy ISA with a Lifetime ISA.