OneFamily Press Releases

Teenagers would save rather than spend a £5,000 windfall as coronavirus leads to caution

If offered £5,000, almost eight out of ten (79%) teenagers said they would put the money into savings – the most popular response given.

We have a duty to celebrate Pride

Baby Boomers worry Millennial financial struggles will hurt them too as care costs bite

No fuss teen-friendly tech for child trust fund holders

Friendly society OneFamily is to use teen-friendly tech to make life easier for its 1.6 million child trust fund account holders, as their accounts mature from September this year.

One third of teenagers are unaware they will receive a child trust fund windfall in September

OneFamily has revealed that around a third of teenagers are unaware that they are due to receive a windfall, and 60% may have lost track of their accounts altogether.

£1,700 a year – the cost of Pester Power

Parents spend around £1,700 a year caving in to pester power – but most manage to turn the pressure into a teachable moment.

Teddy Nyahasha to succeed Simon Markey as Chief Executive Officer of OneFamily

After seven years, OneFamily Chief Executive Simon Markey will be stepping down, to be succeeded by current Chief Finance Officer Teddy Nyahasha on the 1 January 2020.

Parents promise to pay teens £150 each for good exam results

Millions of parents are encouraging their teens to do well in school exams by incentivising good results with cash or gifts, pledging £150 per child – the equivalent of £150m across the UK.

The power of advice: Majority of over 55s who think they know what retirement financial solution they need change their minds following financial advice

Research amongst later life financial advisers by OneFamily has revealed that a quarter (25%) of their clients have an idea of what they want when taking advice. However, of these people, over half of them (55%) changed their minds after speaking to a financial adviser, demonstrating the value and importance of financial advice.

£8.5 billion inheritance skipping a generation every year

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.