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The Latest Breaking News from Scottish Widows

Millions of people could get more support with their pensions under FCA plans

The Financial Conduct Authority expects to consult next summer on new rules to give pension savers targeted support.

Evening Standard

‘Family retirement pots’ could help close pensions gender gap – report

More joint financial planning would help prevent women from losing out financially in a divorce or when a partner dies, Scottish Widows said.

The Independent UK

4 myths about workplace salary sacrifice schemes busted by an expert

Salary sacrifice schemes can be a great way to make your money go further but are often misunderstood, says a finance expert.

The Independent UK

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Living cost hikes and surging property prices ‘have posed significant challenge’

Scottish Widows looked at how financial challenges for households have evolved, to mark its 20th annual retirement report.

The Independent UK

What to do now if you’re worried about your retirement prospects

Are you one of the 27% of people who doubt they’ll ever be able to afford to stop working? Don’t panic if you’re not on track, says a pensions expert.

The Independent UK

Millennials and Gen Z beware: People in their fifties have serious pension problems. You could be doomed

People in their forties and fifties aren’t saving enough for a comfortable retirement, according to new research. So where does that leave younger generations who are worst hit by the cost of living crisis, asks Katie Rosseinsky?

The Independent UK

1.2m more people ‘falling short of minimum retirement prospects than a year ago’

More people will be renting or carrying mortgage repayments on through retirement in the future, Scottish Widows said.

The Independent UK

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‘Serious disparity’ around retirement savings of people identifying as LGBTQ+

People who identify as LGBTQ+ are particularly likely to say they are not saving for their retirement, according to research for Scottish Widows.

The Independent UK

Ignoring pensions during a divorce costs women billions

City Voices: Only 30% of divorcing couples include pensions in their divorce settlements

Evening Standard

Scottish Widows staff told not to use the word ‘widow’ as it triggers some customers

Bank bosses say it may spark ‘unwarranted personal memories of trauma and upsetting situations’

Evening Standard

Three in four single mothers could face challenges affording basic needs during their retirement years

The ‘motherhood penalty’ is exacerbated for single mothers, Scottish Widows has said

The Independent UK

Three in four single mothers ‘may struggle to afford basics when they retire’

The ‘motherhood penalty’ is exacerbated for single mothers, Scottish Widows has said.

The Independent UK

What a Scottish pound will mean for your pensions and savings

In this article, members of the Scottish Currency Group (SCG) continue their series explaining how a separate Scottish currency can be introduced…

The National (Scotland)

UK’s LGBTQ+ community ‘more likely’ to face real hardship in retirement

Data shows 44% at risk of struggling to afford food and heating after leaving workplace

The Guardian - UK

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Liverpool Echo

Check your State Pension forecast online to see how much you could get

The average man is on track to receive £19,000 a year in retirement income per year, compared with £12,000 for the average woman

The Independent UK

One in three ‘could struggle to achieve minimum living standards in retirement’

Scottish Widows’ national retirement forecast has been created to assess the potential retirement outcomes for people aged 22 to 65.

The Independent UK

Are money worries causing a rise in mental health problems?

Scottish Widows says it has seen an increase in mental health being mentioned in insurance applications since 2020. By Vicky Shaw.

Edinburgh Live

Iconic Edinburgh Scottish Widows offices set to turned into new flats and cafe

Three years since the historic A-Listed building was vacated by Scottish Widows, councillors are set to make a decision on plans to demolish part of the site and build 174 apartments next to Holyrood Park

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The Independent UK

Later life challenges have changed since last coronation, says pension provider

Scottish Widows compared the UK’s retirement savings landscape with that in the era of the previous coronation in 1953.

Daily Mirror

Families still waiting for payouts after Scottish Widow customer service 'meltdown'

In January, Scottish Widows' chief operating officer Donald MacKechnie revealed that 6,000 people were still waiting for their complaint over late payments to be resolved

Edinburgh Live

Abandoned Edinburgh building to be taken over for five day festival with theatre, film and music

Edinburgh is set for a five day extravaganza of music, art, theatre and film housed in one of the city’s abandoned buildings as the Hidden Door festival returns - this year housed at the former Scottish Widows offices.

The Independent UK

How power of attorney can protect your future finances

Sorting out power of attorney is an essential safety net for you and your family. By Vicky Shaw.

Insider UK

Scottish business leaders share their hopes for Budget as Jeremy Hunt vows to go for growth

Announcements due on energy bills and childcare support

Daily Mirror

Pension experts urge to start saving young as women retire with £123k less than men

Pay gaps don't just affect your working years but can impact your pensions with women's pots averaging £123k less than men's despite working for the same number of years

The Independent UK

One in three ‘do not understand how power of attorney can be used’

Some 41% of married couples have power of attorney in place, according to Scottish Widows.

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