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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No fuss teen-friendly tech for child trust fund holders

26 May 2020

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

09 Mar 2020

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

28 Oct 2019

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

26 Sep 2019

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

21 Aug 2019

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

19 Aug 2019

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

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.