Your pension in your pocket
Our app makes it easy to keep an eye on your pension and plan for the future.
Scottish Widows launches beneficiary nomination
Paul Jenkin
Head of Protection Change, Scottish Widows
17 February 2026
Scottish Widows has introduced beneficiary nomination to help ensure money goes to the right people and to speed up payments to beneficiaries after a bereavement, without the need to wait for probate.
Available on new personal single-own-life or life-with-critical-illness policies, it enables customers to nominate up to five beneficiaries during the application process. The nomination can be added easily, without signatures or separate trust forms, and must be in place before the policy goes on risk.
For applications with multiple eligible covers, advisers can choose different beneficiaries for each cover or apply the same nominations across all, supporting smoother claims handling and avoiding delays that can occur when trying to identify next of kin.
Unlike a trust, beneficiary nomination allows the policyholder to update their chosen beneficiaries at any time without additional approval or paperwork involving trustees. This makes it simple and flexible which may be valuable for clients whose needs change.
Paul Jenkin, head of protection change at Scottish Widows, said: “Beneficiary nomination is a practical tool that helps advisers support clients and their beneficiaries when it matters most. It helps reduce delays and makes it easier for life cover to be paid as intended. Advisers can use it with confidence for straightforward needs, while trusts remain an option where more control is required. Overall, it gives advisers more flexibility to put the right protection in place at the right time.”
Ruth Gilbert, partner at Insuring Change added: “I'm delighted to see Scottish Widows join the ranks of those insurers making it simpler for advisers to ensure life cover can be paid in the way their clients expect.”
Beneficiary nomination is available for advisers who apply directly with Scottish Widows or via the UnderwriteMe portal.
Notes
About Scottish Widows
Founded in 1815, Scottish Widows is part of Lloyds Banking Group and is one of the UK’s longestestablished financial services providers. With £280bn in assets under administration, Scottish Widows’ award-winning product range includes workplace and individual pensions, investments, annuities, life cover, critical illness and income protection.
More than 1.75 million Scottish Widows customers are digitally registered, with over 750,000 app users. Scottish Widows has an industry leading Trustpilot score of 4.6 stars. The Scottish Widows Platform supports over 170,000 advised clients and provides investment for financial advisers.