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Keep up-to-date with the latest news from Scottish Widows
Scottish Widows pays out 98% of protection claims in 2024
Scott Cadger, Head of Claims and Underwriting Strategy at Scottish Widows
Scottish Widows paid out 98% of protection claims for the sixth consecutive year, including 99.1% of life insurance and 91.8% of critical illness claims, according to data published today.
14 May 2025
15.3 million people today are at risk of retirement poverty – Retirement Report
Pete Glancy, Head of Pensions Policy, Scottish Widows
Rising living costs have worsened the nation's retirement outlook since 2023. Two fifths (39%) of people in the UK aren’t on track for a minimum lifestyle in retirement, worsening from 35% in 2023.
7 May 2025
Scottish Widows Platform integrates Oxford Risk Investor Compass
Ross Easton, Scottish Widows Platform, Head of Platform Proposition
Scottish Widows Platform has integrated with Oxford Risk Investor Compass, an end-to-end investment suitability software tool, to help advisers match their clients to tailored investments options.
6 May 2025
Scottish Widows to Launch Long Term Asset Fund
Chira Barua, Chief Executive of Scottish Widows and Lloyds’ Insurance, Pensions and Investment business
Scottish Widows is set to launch an open-architecture Long Term Asset Fund (LTAF) later this year, pending regulatory approval. This initiative is part of its ongoing commitment to providing innovative investment solutions for its customers.
29th April 2025
Scottish Widows evolves workplace default
Graeme Bold, Managing Director, Workplace and Intermediary Wealth, Scottish Widows
Scottish Widows has today released details of how the largest, longest running default in the market, known as Pension Investment Approaches (PIA), is evolving for the future - with the launch of Scottish Widows Lifetime Investment.
27th March 2025
Two-thirds of employers embrace responsible pensions - but less than half have as their default
Eva Cairns, Head of Responsible Investment, Scottish Widows
Scottish Widows has revealed that more than two-thirds (69%) of employers in the UK now offer a responsibly invested company pension* - but less than half have it as their default option (44%), which puts the onus on employees to take action if they want to switch.
24th March 2025
Lacking confidence sees young women hold back from investing
Jackie Leiper, Managing Director, Scottish Widows
Only a third (34%) of young women (aged 18-24) are investing their money outside of pensions, compared to almost double the number of young men (64%), according to Scottish Widows’ recent Women and Retirement Report.
6th March 2025
Scottish Widows workplace pensions growth boosted by digital engagement
Chira Barua, Chief Executive of Scottish Widows and Lloyds’ Insurance, Pensions and Investment business
Scottish Widows grew its workplace pensions assets under administration by 17% to £108 billion in 2024.
20th February 2025
Three-quarters of UK workers expect responsible pensions from their employer
Eva Cairns, Head of Responsible Investment, Scottish Widows
Nearly three-quarters (72%) of UK employees say it is important that their employer offers a responsibly invested pension*, new research from Scottish Widows has revealed.
13th February 2025
Scottish Widows appoints new Protection Head of Intermediary Distribution
Catherine Trimble, Head of Intermediary Distribution
Scottish Widows has appointed Catherine Trimble as the new Head of Intermediary Distribution in its protection business from January 2025.
22nd January 2025
Scottish Widows joins forces with sustainable investing leader Robeco
Eva Cairns, Scottish Widows, Head of Responsible Investment
Scottish Widows has announced a new strategic partnership with leading asset manager Robeco to take its responsible investment approach to the next level.
20th January 2025
Scottish Widows Platform maintains highest AKG financial strength ranking
Ross Easton, Scottish Widows Platform, Head of Platform Proposition
Scottish Widows Platform has maintained its ‘A’ rating, the highest awarded for financial strength, from financial analytics firm AKG. Scottish Widows has also maintained its AKG ‘A’ rating at an overall provider level.
16th January 2025
Value of advice on the rise post-Consumer Duty
Ross Easton, Scottish Widows Platform, Head of Platform Proposition
More than four in five (82%*) people who have a financial adviser believe it represents ‘value for money’ - an increase of 10% from 2023 **, according to the latest Scottish Widows Investor Confidence Barometer.
8th January 2025