Press releases and statements
Keep up-to-date with the latest news from Scottish Widows
September 2024
Scottish Widows appoints Paul McNamara as non-executive director
Paul McNamara, non-executive director
Scottish Widows has today announced that Paul McNamara joins the company’s Board as a non-executive director from September 2024.
3rd September 2024
2024
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Auto-enrolment reform could boost 18-year-olds’ pension pots by £46k
Pete Glancy, Head of Pensions Policy at Scottish Widows
Scottish Widows has called on the new government to take forward a raft of changes to auto-enrolment which it says could result in 4.7 million more people receiving pension contributions from their employer.
22 August 2024
Over half of private renters in the UK don’t have any financial protection
Rose St Louis, Protection Director at Lloyds Banking Group and CEO Cavendish Online
There are approximately 15.8 million privately renting in the UK. New research from Scottish Widows reveals 56% have no form of financial protection in place, despite a third needing to take extended time off work*.
19 August 2024
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Delayed retirement now likely for millions as UK pension savings gap widens – Retirement Report
Pete Glancy, Head of Pensions Policy at Scottish Widows
More than half (54%) of UK retirees expect to work longer than they would like, on average by seven years, highlighting a worrying gap between people’s desired retirement age and the adequacy of pension savings.
23 July 2024
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Scottish Widows launches new ‘Retirement Matrix’ to address the decumulation dilemma
Peter Glancy, Head of Policy, Scottish Widows & Emma Watkins, Managing Director for Retirement, Scottish Widows
Scottish Widows has today revealed details of a new ‘Retirement Matrix’ tool to help advisers have better conversations with customers and help them boost their retirement income.
24 June 2024
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More than 98% of protection claims paid out by Scottish Widows in 2023
Scott Cadger, Head of Protection at Scottish Widows
Scottish Widows paid out more than 98% of protection claims to customers and their families for the fifth consecutive year.
30 May 2024
Leaving your pension invested until you’re 65 could boost it by more than half
Graeme Bold, Workplace Pensions Director at Scottish Widows
More than three quarters (78%) of retirees have already dipped into their pension pots by the time they retire, according to fresh data from Scottish Widows.
15 May 2024
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Overworked and underprepared: Black women don't ever expect to retire
Rose St Louis, Protection Director at Lloyds Banking Group and CEO Cavendish Online
Black women (30%) are more likely to reduce working hours instead of retiring, compared to 22% of Asian women and 21% White British women.
14 March 2024
Rothesay acquires £6 billion Scottish Widows bulk annuity portfolio from Lloyds Banking Group
Chira Barua, CEO of Scottish Widows and CEO Insurance, Pensions and Investments at Lloyds Banking Group
Rothesay, the UK's largest pensions insurance specialist, today announces that it has agreed to acquire the c. £6 billion Scottish Widows in-force bulk annuity portfolio from Lloyds Banking Group. The business to be transferred covers the pension benefits of c.42,000 people.
13 March 2024
A quarter of women would be frustrated if they couldn’t retire by 60
Jackie Leiper, Managing Director, Scottish Widows
35% of women aged 22-29 don’t know how much is needed for retirement, while nearly two in three are concerned about running out of money.
11 March 2024
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Scottish Widows announces new Master Trust Strategist Committee appointments
Graeme Bold, Sharon Bellingham and Emma Watkins have been appointed to the Scottish Widows Master Trust Strategist Committee, the provider has announced today.
14 Feb 2024
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Cavendish Online partners with Aveni for AI analytics and automation technology
Rose St Louis, Protection Director at Lloyds Banking Group and CEO Cavendish Online
31 Jan 2024
Cavendish Online, part of Lloyds Banking Group, has partnered with Aveni.ai, the Artificial Intelligence fintech business, to become one of the first protection distributors in the market to use AI technology to help improve the experience for customers.
press release Archive
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- Greening pensions reduces carbon footprint more than stopping flying (11 December) (PDF, 260KB)
- Lloyds Banking Group appoints Kevin Doran as Chief Investment Officer (30 November) (PDF, 212KB)
- Scottish Widows partners with Moneyhub to help customers see all their finances in one place (30 November) (PDF, 212KB)
- Scottish Widows Platform adds Origo Unipass Identity to simplify adviser sign-on (29 November) (PDF, 178KB)
- Investors still cautious on stock markets as advisers stay bullish (23 November) (PDF, 284KB)
- Nearly a third of disabled people say their condition has an impact on financial planning (28 November) (PDF, 246KB)
- Advisers believe the advice gap is their problem (15 November) (PDF, 264KB)
- Almost 2 million single mothers face ‘motherhood penalty’ in retirement (15 November) (PDF, 251KB)
- Scottish Widows appoints Matt Cuhls as non-executive director (9 November) (PDF, 200KB)
- WiAS launches Luxembourg Chapter, rounding off year of strong growth (9 November) (PDF, 139KB)
- 91% of advisers surveyed concerned about losing assets in the Great Wealth Transfer (7 November) (PDF, 282KB)
- Embark Launches New Fintech Skills School in Dundee (2 November) (PDF, 165KB)
- Scottish Widows strengthens Independent Governance Committee with new appointment (1 November) (PDF, 180KB)
- Pension generation gap revealed as ‘late start’ savers lag behind (11 December) (PDF, 430KB)
- Four in 10 Londoners likely to face poverty in retirement (11 October) (PDF, 327KB)
- Scottish Widows extends partnership with Macmillan Cancer Support (4 October) (PDF, 222KB)
- Auto-enrolment reforms could boost young low earners’ pension pots by 150% (14 September) (PDF, 160KB)
- Paraplanners call for better tech to help deliver value for clients (6 September) (PDF, 192KB)
- Almost half of LGBTQIA+ people will struggle to afford the basics in retirement (22 August) (PDF, 272KB)
- Over a third of South Asian communities in the UK are on track for a comfortable retirement (14 August) (PDF, 213KB)
- Embark Group launches Scottish Widows Platform (31 July) (PDF, 168KB)
- Scottish Widows warns of tougher action on lagging asset managers as it issues its latest Stewardship Report (11 July) (PDF, 252KB)
- Scottish Widows 2023 Retirement Report: One in three Brits facing hardship in retirement (28 June) (PDF, 316KB)
- Harrods Group Pension Plan completes £400m buy-in with Scottish Widows (12 June) (PDF, 184KB)
- Scottish Widows completes £160million bulk annuity transaction (5 June) (PDF, 181KB)
- Mark Thompson joins Scottish Widows’ Independent Governance Committee (1 June) (PDF, 247KB)
- Scottish Widows pays out 98% of protection claims in 2022 (31 May) (PDF, 186KB)
- Scottish Widows unveils £1.4bn worth of new environmental and climate-aware investment funds (28 March) (PDF, 223KB)
- Pension funds hold the key to unlocking the potential of nature and wildlife (14 March) (PDF, 256KB)
- Millions risk being locked out of their spouse’s finances without power of attorney (13 March) (PDF, 201KB)
- Minority women more likely to face pension poverty in UK, with black women worst impacted (7 March) (PDF, 244KB)
- Majority of households willing to support rise in auto-enrolment (18 January) (PDF, 160KB)
- Carolyn Jones to join Scottish Widows as Retirement Director (17 January) (PDF, 118 KB)
- Heart-broken: Almost half (43%) of unmarried couples won’t get a life insurance pay-out if their partner dies (6 January) (PDF, 215KB)
- Greening pensions reduces carbon footprint more than stopping flying (11 December) (PDF, 260KB)
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- Heart-broken: Almost half (43%) of unmarried couples won't get a life insurance pay-out if their partner dies (30 December) (PDF, 215KB)
- Investing in the UK’s green ambitions: Scottish Widows supports reforming Solvency II (7 December) (PDF, 609KB)
- Single mothers face quarter of a million pound shortfall in pension wealth (16 November) (PDF, 218KB)
- Chirantan Barua to join Lloyds Banking Group as CEO of Scottish Widows (15 November) (PDF, 115KB)
- Time to talk – one in two parents haven’t spoken to their children about a will (9 November) (PDF, 200KB)
- Over a quarter of Brits are worried about becoming victim to a pension scam (7 November) (PDF, 137KB)
- Half of workplace pension holders don’t know how many pots they possess (28 October) (PDF, 88KB)
- UK families committed to helping other generations despite weak household sentiment (26 October) (PDF, 166KB)
- Scottish Widows invests £500 million in new BlackRock Global Corporate ESG Insights Bond Fund (11 October) (PDF, 226KB)
- Over half of UK Black community fear running out of money in retirement (5 October) (PDF, 239KB)
- Four in five looking to change jobs demand green pensions (3 October) (PDF, 212KB)
- Carbon footprint of FTSE100 pensions 7x higher than their company emissions (29 September) (PDF, 243KB)
- Almost half of all households have never accessed financial advice, according to Scottish Widows Future Finances Index (13 July) (PDF, 185KB)
- Scottish Widows calls for asset managers to sign up to UK Stewardship Code by 2024 (4 July) (PDF, 235KB)
- Pension savers risk retiring with £15,000 less, as economic storm brews (29 June) (PDF, 131KB)
- Pension stewardship agenda at crucial tipping point says report (23 June) (PDF, 167KB)
- Scottish Widows pays out 98% of protection claims for the third year (16 May) (PDF, 134KB)
- Self-employed people risk financial hardship, as over half rely on personal savings when out of the office (19 April) (PDF, 95KB)
- Sharpest fall in financial wellbeing in 2 years threatens long term savings plans of millions (6 April) (PDF, 180KB)
- Scottish Widows doubles divestment from firms posing ESG risk to £3bn (28 March) (PDF, 193KB)
- Salary Exchange schemes could save employers £20,000 a year and boost workers pension pots by £42,000 (22 March) (PDF, 276KB)
- ‘Baby Boomer’ generation of women retiring with half the pension of a man (4 March) (PDF, 147KB)
- Scottish Widows announces new Intermediary Distribution Director (1 March) (PDF, 145KB)
- Scottish Widows becomes first UK insurer to publish its roadmap to net zero (3 February) (PDF, 188KB)
- Rising living costs erode household finances at fastest pace since the start of the pandemic (12 January) (PDF, 180KB)
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- Annuities made accessible: Scottish Widows launches the 'Annuity Bureau' (14 December) (PDF, 205KB)
- Half of UK adults report pandemic mental health impacts with many hiding this from their insurer (1 December) (PDF, 134KB)
- Scottish Widows provides support to bereaved children (22 November) (PDF, 180KB)
- Scottish Widows to invest up to £25bn in companies powering the low carbon transition (17 November) (PDF, 131KB)
- Young women need to save an extra £185k to reach the same retirement income as men (16 November) (PDF, 165KB)
- Find Your Impact: Scottish Widows ESG tool lets you see how sustainable your pension is (9 November) (PDF, 140KB)
- Great minds don’t think alike – why companies need to understand cognitive diversity (9 November) (PDF, 170KB)
- Post-lockdown boost to financial wellbeing fades (29 Sept) (PDF, 182KB)
- Protection is still the elephant in the room despite covid-19 (24 Sept) (PDF, 159KB)
- Employers stress the ticking time bomb of financial wellbeing (24 Sept) (PDF, 146KB)
- Pension Awareness Day - An insider's guide to boosting your pension pot (15 Sept) (PDF, 142KB)
- Pandemic sparks surge in over 50s seeking advice (9 Sept) (PDF, 142KB)
- System overhaul needed as 3.6 million Brits lose track of their pension savings (30 July) (PDF, 140KB)
- Scottish Widows to benefit from acquisition of Embark Group (29 July) (PDF, 125KB)
- Scottish Widows invests in green UK businesses with its rebooted Environmental Fund (27 July) (PDF, 670KB)
- Covid threatens pushing over 50s into pension poverty (22 July) (PDF, 162KB)
- Low earners lose out on £122m in employer pension contributions as COVID puts a squeeze on finances (5 July) (PDF, 151KB)
- Easing of lockdown lifts pressure on UK household finances (21 June) (PDF, 216KB)
- Scottish Widows pays out 98% of protection claims (14 May) (PDF, 114KB)
- Multi-jobbers shortchanged £76 million a year in employer pension contributions (5 May) (PDF, 231KB)
- UK Households Pay Down Debt Through Winter Lockdown (29 March) (PDF, 182KB)
- Scottish Widows adds new virtual GP service to protection offering (22 March) (PDF, 109KB)
- Mind the Gap: Young women face almost 40 years longer at work to reach pensions equality (8 March) (PDF, 222KB)
- Scottish Widows Generates £96 Million Loan Boost For Constantine Wind Energy (15 February) (PDF, 58KB)
- Scottish Widows’ Master Trust unveils new fund range with spotlight on responsible investment (15 February) (PDF, 78KB)
- Lloyds Banking Group appoints new protection director (9 February) (PDF, 149KB)
- Closing the ‘green pensions gap’: Scottish Widows targets net zero across £170bn fund range by 2050 (8 February) (PDF, 146KB)
- UK household finances remain under strain at the end of 2020 (20 January) (PDF, 56KB)
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- Women need to work beyond 100 to match men's pension pot (11 November) (PDF, 145KB)
- Scottish Widows to divest £440m from companies that pose significant ESG risk (9 November) (PDF, 317KB)
- The small nudges that could make young people £142,000 better off in retirement (23 September) (PDF, 180KB)
- UK savers want greener pensions – but don’t know where to start (1 September) (PDF, 141KB)
- Scottish Widows invests £2 billion in BlackRock’s new fund designed for the transition to a low carbon economy (5 August) (PDF, 150KB)
- Covid-19 threatens retirement plans as auto enrolment reforms run out of steam (29 June) (PDF, 149KB)
- Covid-19 puts retirement plans of 3.1 million in doubt (1 June) (PDF, 286KB)
- Scottish Widows pays out 98.2% of protection claims (4 May) (PDF, 207KB)
- Scottish Widows hires workplace pensions expert to lead ambitious growth plans (29 April) (PDF, 185KB)
- Scottish Widows changes annuities process to support advisers (21 April) (PDF, 258KB)
- Andrew Warwick-Thompson appointed Chair of The Scottish Widows Master Trust (9 April) (PDF, 204KB)
- Scottish Widows unveils responsible investment and stewardship framework (9 March) (PDF, 184KB)
- Scottish Widows announces changes to Independent Governance Committee (25 February) (PDF, 53KB)
- Scottish Widows gives green light to new responsible investment team (17 February) (PDF, 282KB)
- Scottish Widows facilitates £10bn Lloyds Banking Group Pensions Trustees Limited longevity swap (29 January) (PDF, 309KB)
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- Scottish Widows supports simplicity but calls for consistency in pension statements (23 December) (PDF, 165KB)
- Scottish Widows completes £805m pensioner buy-in with the Electricity North West Group of the Electricity Supply Pension Scheme (18 December) (PDF, 221KB)
- Scottish Widows eyes growth with new Head of Pension Investment Propositions (12 December) (PDF, 193KB)
- Women saving for retirement hits record high despite £78K gender gap (13 November) (PDF, 173KB)
- One in three female entrepreneurs saving nothing for retirement (11 November) (PDF, 144KB)
- GEN Z faces pension shock as research finds stark gap between retirement expectations and reality (28 August) (PDF, 50KB)
- Businesses support extension of auto-enrolment to more workers - CBI/Scottish Widows survey (19 July) (PDF, 43KB)
- People saving adequately reaches record high - yet 8 million think they'll never retire (10 July) (PDF, 49KB)
- Four million Brits don’t do difficult decisions (9 May) (PDF, 256KB)
- Scottish Widows commits to industry claims charter (9 May) (PDF, 240KB)
- Pensions and investments expert Ciaran Barr joins Scottish Widows’ Independent Governance Committee (8 May) (PDF, 215KB)
- Scottish Widows gives a safety net to thousands of families by paying out over 98% of protection claims (17 April) (PDF, 197KB)
- Millennials now look to IFAs for help with ‘adulting’ (4 April) (PDF, 246KB)
- Scottish Widows’ Independent Governance Committee reveals misconceptions of responsible investing (29 March) (PDF, 38KB)
- Scottish Widows puts future focus on new campaign (1 March) (PDF, 190KB)
- Scottish Widows with-profits bonus rates (15 February) (PDF, 405KB)