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The Latest Breaking News from Scottish Widows

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

‘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

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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)

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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

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

Liverpool Echo

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.

The Independent UK

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

Edinburgh Live

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.

The Independent UK

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

Daily Mirror

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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

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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.

Liverpool Echo

Warning to unmarried couples living together in UK

Unmarried couples need to take an urgent look at their finances

The Independent UK

Unmarried couples risking missing out on life insurance payouts – research

Just 52% of people in an unmarried couple know if their partner has a life insurance policy, according to Scottish Widows.

Insider UK

Festival set to take over former Scottish Widows head office

Scheduled for redevelopment, the music and arts event will make use of the building at the end of May

Edinburgh Live

Abandoned Edinburgh building to be taken over for five-day music and arts festival

Having recently transformed the former Royal High School building on Regent Terrace for a similar event, the disused Scottish Widows building on Dalkeith Road will now be given a new lease a life

Daily Record

Single mums worry most about not having enough money during retirement years

New Scottish Widows report suggests the cost of living crisis is impacting lone parent households most.

Insider UK

Scottish Widows appoints new chief executive

The appointment follows Antonio Lorenzo’s decision to retire in 2023

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