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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 our Savings Hub for the latest articles.

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£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.

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.

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.